According to the Commodity Market Analysis System of the Business Society, as of October 20th, the average price of epoxy propane enterprises was 9475.00 yuan/ton, which is unchanged compared to Monday’s price.
This week, the epoxy propane market remained stable and organized. At the beginning of the week, the raw material propylene market was relatively strong, with increased cost support, acceptable supply side shipments, and gradually easing inventory pressure. Downstream wait-and-see followed up appropriately, and the focus of negotiations in the epoxy propane market was mainly on stability. On the 20th, the mainstream quotation in the Shandong epoxy propane market was around 9250-9400 yuan/ton. The raw material propylene market showed weak performance, and the cost side still had support. Factory shipments were average, and the market wait-and-see atmosphere was strong.
Upstream Propylene: According to the Commodity Market Analysis System of Business Society, the Shandong propylene market maintained stable operation on October 19th, with a mainstream market quotation of 7200-7250 yuan/ton, which provides strong support for the epoxy propane market.
The epoxy propane analyst at Business Society believes that the current cost support is still acceptable, and the supply side is temporarily stable. The demand side is following up and watching to slow down. It is expected that in the short term, the epoxy propane market may operate steadily, showing signs of weakness, and more attention needs to be paid to market news guidance.
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