With the arrival of the off-season for downstream demand, the epoxy propane market has stabilized this week. According to the Commodity Market Analysis System of Shengyi Society, as of January 2nd, the benchmark price of Shengyi Society’s epoxy propane was 8312.5 yuan/ton, a decrease of -0.92% compared to the beginning of this week.
Price influencing factors:
Supply side: With the gradual restart of enterprise facilities, the production of epichlorohydrin has increased. Individual load reduction maintenance of chlorohydrin method, Lihua Yi continues to operate at 60% load, and Zhejiang Petrochemical stops.
Raw material end: narrow width finishing of propylene is the main focus. According to the market analysis system of Shengyi Society, as of January 1st, the benchmark price of propylene in Shengyi Society was 6835.75 yuan/ton, a decrease of -0.15% compared to the beginning of last month (6845.75 yuan/ton).
Downstream demand side: Downstream demand sentiment is relatively cold, procurement follow-up is insufficient, market actual order trading is cold, and first-time purchases are the main focus, with a cautious and wait-and-see attitude.
Market forecast: Business Society’s epoxy propane analyst believes that with the restart and recovery of enterprise equipment, epoxy propane production has increased, and downstream demand side purchases are cautious and insufficient to follow up, with a strong wait-and-see mentality. It is expected that the epoxy propane market will remain weak and stable in the short term, and more attention should be paid to market news guidance.
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