Recently, the market for epoxy propane has seen a slight increase. According to the Commodity Market Analysis System of Business Society, as of December 25th, the average price of epoxy propane for enterprises was 9225.00 yuan/ton, an increase of 0.14% compared to last Thursday (December 21st).
Cost side: According to the commodity market analysis system of Shengyishe, the domestic propylene (Shandong) market has experienced a decline and then an increase in recent times (12.18-12.22). The average price in the Shandong market at the beginning of the week was 6895 yuan/ton, and the average price over the weekend was 6926 yuan/ton, with a weekly increase of 0.47%. The propylene market rose on Monday, and costs faced increased support from the epoxy propane market.
Supply and demand side: Last week approaching the weekend, the supply side was mainly stable, factory shipments were still acceptable, inventory pressure was controllable, downstream remained wait-and-see and followed, and the market was running steadily. This Monday, the supply side was mostly operating without pressure, while downstream new orders were average, and the market was mainly wait-and-see. On December 25th, the mainstream quotation in the Shandong epoxy propane market was 9150-9200 yuan/ton.
The epoxy propane analyst from Business Society believes that the current cost and supply side support is still acceptable, and downstream observers should follow up appropriately. It is expected that in the short term, the epoxy propane market may operate stably, moderately, and strongly, and more attention should be paid to market news guidance.
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