SunSirs: ECH Continues to Rise in September

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

Price trend

The market price of ECH increased in September. Multiple production enterprises were undergoing equipment maintenance, resulting in tight market supply. Xinyue, Binhua and other facilities operated with reduced load. The decrease in supply had caused traders to push up market prices. According to the market analysis system of SunSirs, as of September 26th, the benchmark price of SunSirs's ECH was 8,525 RMB/ton, an increase of 6.73% compared to the beginning of this month (7,987.5 RMB/ton).

Analysis review

Price influencing factors:

Raw material side: Recently, the propylene market price had fluctuated and declined. According to the market analysis system of SunSirs, as of September 26th, the benchmark price of propylene in SunSirs was 6,690.75 RMB/ton, a decrease of 3.98% compared to the beginning of this month (6,968.25 RMB/ton).

Downstream demand side: The consolidation and operation of the downstream epoxy resin market was the main focus, with a production capacity utilization rate of over 50%. There was sufficient inventory, and some factories were temporarily shutting down to adjust the load of their equipment under inventory pressure. Downstream terminal inquiries were not active, cautious procurement of raw materials, insufficient follow-up on new orders, and weak signing volume.

Market outlook

An analyst from SunSirs believes that there was still cost pressure on ECH, and there was insufficient follow-up on downstream new orders. Therefore, caution should be exercised in purchasing raw materials, with a focus on meeting the urgent needs of transactions. It is expected that in the short term, the ECH market will mainly operate weakly and steadily, and more attention should still be paid to changes in raw material prices.

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

 Print  |    add to Favorites  |    Close