SunSirs: ECH Prices Were Mainly Stable and Transactions Based on Demand

https://www.chemnet.com   Jul 26,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 25th, the average price quoted by ECH enterprises was 7,875.00 RMB/ton, which was basically the same as last Friday's (July 19th) price.

Analysis review

Recently, the market for ECH has been operating steadily. This week, the price of raw material liquid chlorine first rose and then fell, the raw material propylene fluctuated narrowly, and the raw material glycerol steadily rose, with strong cost support. The production enterprise mainly delivered contract orders, but the terminal follow-up was relatively slow. The downstream procurement mentality was cautious, and followed up at low prices on demand. The focus of negotiations in the ECH market was stable.

Raw material propylene:

According to the commodity market analysis system of SunSirs, on July 24th, the reference price of propylene was 7,125.75, a decrease of 0.11% compared to July 1st (7,133.25). In the recent stage, the price of raw material propylene has fluctuated narrowly, and the cost side still provided support for the ECH market.

Market outlook

Short-term cost support still exists, and demand follow-up may be limited. The market is cautious and cautious, and it is expected that the ECH market will be stable and consolidated in the short term. More attention still needs to be paid to market news guidance.

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

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