SunSirs: Poor demand, the price of 2-EH fluctuated and fell this week

https://www.chemnet.com   Jul 15,2024 SunSirs

This week, the price of 2-EH fluctuated and fell

According to the Commodity Market Analysis System of SunSirs, as of July 12th, the price of 2-EH was 9,760 RMB/ton, a fluctuating decrease of 0.91% compared to the price of 9,850 RMB/ton on July 5th last weekend; Compared to the price of 9,860 RMB/ton of 2-EH quoted on July 8th at the beginning of this week, the price had decreased by 1.01%; Compared to the price of 9,710 RMB/ton on July 1st at the beginning of the month, the price of 2-EH fluctuated and increased by 0.51%. This week, the price of 2-EH fluctuated and fell. Downstream factories purchased according to demand, and the enthusiasm of enterprises for raw material procurement temporarily stabilized. Shandong large factories sold at a discount, and the market transaction center shifted downwards. The new orders in the 2-EH market increased, and the support for the rise of 2-EH still existed.

This week, the price of raw material propylene fluctuated and rose

According to the SunSirs' propylene commodity market analysis system, as of July 12th, the price of propylene was 7,195.75 RMB/ton, a fluctuating increase of 0.42% compared to the price of 7,165.75 RMB/ton on July 5th; Compared to July 8th, the price of propylene fluctuated and fell to 7,113.25 RMB/ton, a decrease of 1.16%; Compared to the price of 7133.25/ton on July 1st, the price of propylene fluctuated and rose by 0.88%. Crude oil prices had fluctuated and fallen, propane prices had fluctuated and risen, and propylene cost support had increased. This week, propylene prices had fluctuated and risen; The downstream production of propylene was stable, downstream customers purchased at low prices, propylene manufacturers had average shipments, the supply and demand of propylene market were weak, and propylene prices fluctuated and rose.

Downstream plasticizer prices fluctuated and fell this week

According to the Commodity Market Analysis System of SunSirs, as of July 12th, the price of plasticizer DOP was 9,912.50 RMB/ton, which fluctuated and fell by 0.75% compared to the DOP price of 9,987.50 RMB/ton on July 5th last weekend; Compared to the price of 10,000 RMB/ton on Monday, July 8th, the price fluctuated and fell by 0.88%; Compared to the DOP price of 9,862.50 RMB/ton on July 1st, it first rose and then fell, with an increase of 0.51%. The market for PA, a raw material for plasticizers, had fluctuated and stabilized, while the price of 2-EH had fluctuated and fallen. The cost of plasticizers had also decreased, and the price of plasticizers had fluctuated and fallen this week. Downstream manufacturers were in the off-season, with low production and poor demand for plasticizers, which weakened the support for the rise in plasticizers.

Market outlook

According to the 2-EH product data analyst of SunSirs, in terms of cost, the price of propylene had fluctuated and risen, while the cost support of 2-EH still existed; In terms of supply, 2-EH manufacturers offered discounts on sales, resulting in an increase in new orders and shipments; In terms of demand, the prices of downstream plasticizers of 2-EH had fluctuated and fallen, resulting in poor downstream demand. Overall, the tight supply and demand of 2-EH were not good, and cost support still existed. It is expected that the price of 2-EH will remain weak and consolidate in the future.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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