This week, the domestic epoxy propane market prices have been weakly stable. According to the monitoring system of Shengyi Society, as of September 11th, the benchmark price of Shengyi Society’s epoxy propane was 7500 yuan/ton, an increase of 0.67% compared to the beginning of the month.
Price influencing factors:
Raw material side: This week, the price of raw material propylene has risen, supported by high costs. However, the downstream purchasing atmosphere is not positive, and the price center of epoxy propane market is under pressure and declining. According to the market analysis system of Shengyi Society, as of September 11th, the benchmark price of propylene in Shengyi Society was 6725.75 yuan/ton, an increase of 0.94% compared to the beginning of this month (6663.25 yuan/ton).
Demand side: Downstream demand for epoxy propane is weak, the purchasing atmosphere is cold, and enterprise shipments are not smooth. It is expected that the epoxy propane market price will fluctuate narrowly in the near future.
Market forecast:
Business Society’s epoxy propane analyst believes that the high support of epoxy propane raw materials is still acceptable, but downstream market purchasing is not active, trading atmosphere is cold, and the market price center is declining. It is expected that the short-term epoxy propane market will mainly experience narrow fluctuations, and more attention should be paid to changes in raw material prices and upstream and downstream supply and demand.
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