Recently, the market for epoxy propane has remained stable, with some companies experiencing narrow price fluctuations. According to the Commodity Market Analysis System of Business Society, as of December 19th, the average price of epoxy propane for enterprises was 9287.50 yuan/ton, a 0.13% decrease compared to last Wednesday (December 13th).
Cost side: According to the commodity market analysis system of Shengyishe, the domestic propylene (Shandong) market has recently experienced a slight decline. On December 19th, the reference price for propylene was 6883.25, a decrease of 3.13% compared to December 1st (7105.75). Recently, the upstream liquid chlorine price has slightly increased, and the cost face is generally supported by the epoxypropane market.
Supply and demand side: Last Wednesday, the supply was stable and factory shipments were flat, with limited downstream follow-up. As prices remained low, downstream watchful increments followed, factory shipments rebounded, and inventory pressure gradually eased. At the beginning of this week, Qixiang stopped selling 70%, supporting the market’s price boosting mentality. Downstream watchful follow-up was moderate. On December 19th, the mainstream quotation in the East China epoxy propane market was 9200-9300 yuan/ton.
The epoxy propane analyst from Business Society believes that the current cost support is average, factory shipments are still acceptable, and the market has a strong wait-and-see atmosphere. It is expected that in the short term, the epoxy propane market may continue to operate in a consolidation manner, and more attention should be paid to market news guidance.
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