SunSirs: Both Supply and Demand Increased, and the Market Price Increase of 2-EH Was Weak in the Future

https://www.chemnet.com   Sep 13,2024 SunSirs

This week, the price of 2-EH stopped falling and rebounded

According to the Commodity Market Analysis System of SunSirs, as of September 12th, the price of 2-EH was 7,916.67 RMB/ton, which rebounded and increased by 1.50% compared to the price of 7,800 RMB/ton on September 9th; Compared to September 1st at the beginning of the month, the price of 2-EH was 7,983.33 RMB/ton, a decrease of 0.83%. This week, the price of 2-EH rebounded and rose. This week, the production of 2-EH units has gradually resumed, with an increase in 2-EH supply, an increase in downstream plasticizer DOP gross profit, an increase in DOP operating rate, an increase in demand for 2-EH, a double increase in 2-EH supply and demand, and a rebound in 2-EH prices.

The 2-EH supply was expected to increase

In early September, there were many equipment shutdowns in 2-EH enterprises, and the original plan to restart 2-EH units in North China at the end of August was postponed to mid September. Several 2-EH enterprises stopped for maintenance in early September and are expected to resume operations in mid September. With the completion of the maintenance of the 2-EH equipment and the resumption of work, the expected supply of 2-EH in the future increases, and there is still downward pressure on the price of 2-EH.

The start-up of downstream plasticizer DOP was expected to increase

According to the Commodity Market Analysis System of SunSirs, as of September 12th, the price of plasticizer DOP was 8,501.25 RMB/ton, which rebounded and increased by 0.44% compared to the DOP price of 8,463.75 RMB/ton on September 9th; Compared to the DOP price of 8,726.25 RMB/ton on September 1st, it decreased by 2.58%. DOP prices rebounded and rose this week. The price of 2-EH continued to decline, the profit margin of plasticizer equipment expanded, and the gross profit of downstream DOP products increased compared to August. Driven by profits, downstream plasticizer companies are expected to increase their operating rates, leading to an increase in demand for 2-EH.

Future expectations

According to the 2-EH product data analyst of SunSirs, the supply and demand of 2-EH market increased in September. In terms of supply, the number of 2-EH manufacturers operating has increased, leading to an increase in 2-EH supply; In terms of demand, plasticizer companies have increased their production, with a focus on purchasing essential 2-EH, leading to a rebound in demand for 2-EH; The price of raw material propylene has slightly decreased, and the cost support of 2-EH still existed. As the price of 2-EH approached the cost line, the profit margin for 2-EH manufacturers was limited. Under cost support, both supply and demand have increased, and the future rise of 2-EH is weak. It is expected that the price of 2-EH will fluctuate and stabilize.

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