SunSirs: The Market Price of ECH Slightly Increased in July

https://www.chemnet.com   Aug 01,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 30th, the average quotation price of ECH enterprises was 7,950.00 RMB/ton, an increase of 0.95% compared to the price on July 1st (reference price of ECH was 7,875.00 RMB/ton).

Analysis review

The market price of ECH increased slightly in July. At the beginning of the month, the cost support was strong, and production enterprises mainly focused on delivering orders. The price of propylene method remained firm, and the low-priced supply in the market decreased. In the traditional off-season of terminals, downstream customers mainly followed up with small orders and urgent needs. Entering the second half of the month, there was still cost pressure, with the capacity utilization rate of the supply side industry below 50%. Manufacturers were not pressing down on prices, and downstream companies were cautious about following up on high-end prices. Market transactions were mainly driven by essential needs, and the focus of market negotiations was firm. In late of the month, production enterprises mainly delivered contract orders, and terminal follow-up was relatively slow. Downstream demand was mainly focused on low demand follow-up. The negotiation range for ECH market was sorted out, and there was a strong wait-and-see atmosphere.

Upstream propylene: According to the Commodity Market Analysis System of SunSirs, as of July 29th, the reference price of propylene was 7,098.25MB/ton, a decrease of 0.49% compared to July 1st (7,133.25MB/ton). In July, the price of raw material propylene fluctuated slightly, providing some support for the ECH market.

Market outlook

In the short term, the cost and supply side support are still acceptable, and downstream demand buying is the main trend. The market atmosphere is deadlocked, and it is expected that the ECH market will remain stable with small fluctuations 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.

 Print  |    add to Favorites  |    Close