SunSirs: Weak Demand, 2-EH Prices Fluctuated and Fell This Week

https://www.chemnet.com   Jul 22,2024 SunSirs

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

According to the Commodity Market Analysis System of SunSirs, as of July 19th, the price of plasticizer DOP was 9,725 RMB/ton, which fluctuated and fell by 1.89% compared to the DOP price of 9,912.50 RMB/ton on July 12th last weekend. 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 DOP, a plasticizer, had fluctuated and fallen this week.

This week, the price of raw material propylene first fell and then rose

According to the SunSirs' propylene commodity market analysis system, as of July 19th, the price of propylene was 7,220.75 RMB/ton, a decrease followed by an increase of 0.35% compared to the price of 7,195.75 RMB/ton on July 12th; Compared to the price of 7,160.75 RMB/ton on July 17th, the price of propylene rose by 0.84%. Crude oil prices first fell and then rose, while propylene cost support still existed; The fluctuation of the equipment had led to a decrease in the production of propylene manufacturers, a tightening of supply from propylene manufacturers, and a halt in the decline and rise in propylene prices.

Downstream plasticizer prices fluctuated and fell this week

According to the Commodity Market Analysis System of SunSirs, as of July 19th, the price of plasticizer DOP was 9,725 RMB/ton, which fluctuated and fell by 1.89% compared to the DOP price of 9,912.50 RMB/ton on July 12th last weekend. 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 DOP, a plasticizer, had fluctuated and fallen this week. With the arrival of the hot and rainy season, PVC entered a seasonal off-season in the industry, with both domestic demand off-season and export reduction coexisting. Downstream manufacturers were in the off-season, with low production levels and weak follow-up on actual transactions. The demand for plasticizers was poor, and there was significant downward pressure on plasticizers.

Market outlook

According to the2-EH product data analyst of SunSirs, in terms of cost, propylene prices first fell and then rose, while 2-EH cost support still existed; On the supply side, 2-EH manufacturers offered discounts for sales, and new orders were generally shipped; In terms of demand, during the off-season of the market, the prices of downstream plasticizers of 2-EH fluctuated and fell, resulting in weak downstream demand. Overall, the stable supply and demand of 2-EH were poor, 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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