SunSirs: The Price of 2-EH Surged after the Holiday

https://www.chemnet.com   Sep 24,2024 SunSirs

The price of 2-EH surged after the holiday    

According to the Commodity Market Analysis System of SunSirs, as of September 20th, the price of 2-EH was 8,666.67 RMB/ton, a significant increase of 8.79% compared to the price of 7,966.67 RMB/ton on September 15th. After the holiday, the price of 2-EH increased significantly. The production of 2-EH units gradually resumed, and downstream stocking was concentrated before the National Day holiday. The supply of 2-EH was tight, and the operating rate of downstream plasticizer DOP had increased. The demand for 2-EH had also increased, and the supply and demand in the 2-EH market were tight, resulting in a significant increase in the price of 2-EH.

Crude oil prices rose, 2-EH costs increased

According to the Commodity Market Analysis System of SunSirs, as of September 20th, the settlement price of the main Brent crude oil futures contract was 74.01 US dollars per barrel, a significant increase of 6.97% compared to the crude oil price of 69.19 US dollars per barrel on September 11th; Compared to the price of 71.61 per barrel on September 15th, the crude oil price increased by 3.35%. The significant increase in crude oil prices was favorable for downstream markets, and the expected cost of 2-EH is expected to rise.

Downstream plasticizer DOP prices surged

According to the Commodity Market Analysis System of SunSirs, as of September 20th, the price of plasticizer DOP was 8,963.75 RMB/ton, a significant increase of 5.44% compared to the DOP price of 8,501.25 RMB/ton on September 14th. The price of DOP had significantly increased after the holiday. The expected increase in operating rate of downstream plasticizer enterprises had led to an increase in demand for 2-EH. In addition, stocking up before the National Day holiday has led to an increase in downstream demand for 2-EH.

Market outlook

The 2-EH product data analyst of SunSirs believes that the market for 2-EH rose after the holiday. In terms of supply, 2-EH manufacturers had stable production and sufficient supply of 2-EH; In terms of demand, plasticizer companies had increased their production, coupled with stocking up before the National Day holiday, resulting in an increase in demand for 2-EH; The United States had significantly reduced interest rates, leading to a surge in crude oil prices and an expected increase in the cost of 2-EH. Cost support, tight supply and increased demand, increased support for the rise of 2-EH, and it is expected the price of 2-EH will fluctuate upward in the future.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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