According to the Commodity Market Analysis System of Shengyi Society, as of July 16th, the average price of epoxy propane in the domestic market was 8945.00 yuan/ton, an increase of 0.17% compared to last Thursday (July 11th).
From the commodity market analysis system of Shengyi Society, it can be seen that the epoxy propane market has been rising recently. As of July 16th, the mainstream price reference for epoxy propane in Shandong’s market is around 8600-8700 yuan/ton.
Analysis of Factors Influencing Market Trends:
On the cost side: Recently, the price of raw material propylene has fluctuated narrowly and weakly, and the price of raw material liquid chlorine has risen slightly. The cost side continues to support the epoxy propane market.
Supply and demand side: In recent times, there have been fluctuations in individual devices, with an increase in new orders for downstream polyether. The demand side has also improved, leading to an improvement in the shipping atmosphere for enterprises. The focus of negotiations in the epoxy propane market has shifted upwards. With the rise in prices, downstream procurement attitudes are cautious, with a focus on observing and following up appropriately.
Market forecast:
Business Society’s epoxy propane analyst believes that short-term market cost support still exists, and there is currently no pressure on supply side inventory. Downstream stable follow-up is the main trend, and it is expected that the epoxy propane market may rise steadily in the short term. More attention should be paid to market news guidance.
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