This week, the focus of transactions in the domestic epoxy propane market has increased. According to the monitoring system of Shengyi Society, as of November 14th, the benchmark price of Shengyi Society’s epoxy propane was 8133.33 yuan/ton, an increase of 5.63% compared to November 1st.
Price influencing factors:
Raw material side: This week, the price of raw material propylene is running strong. There is still support on the cost side, and the center of gravity of epoxy propane has shifted upward. According to the market analysis system of Shengyi Society, as of November 14th, the benchmark price of propylene in Shengyi Society was 5960.75 yuan/ton, a decrease of 1.61% compared to the beginning of this month (6058.25 yuan/ton).
Supply side: Fluctuations in the supply side have affected the temporary supply tension of epoxy propane. The tight supply situation has led to an increase in the price of epichlorohydrin.
Demand side: The downstream demand side has a decent demand for purchasing epoxy propane, with high purchasing enthusiasm and smooth shipment of epoxy propane. It is expected that the epoxy propane market will mainly operate steadily with a moderate to strong trend in the later stage.
Market forecast:
An epoxy propane analyst from Shengyi Society believes that there is still support for the market price of propylene on the raw material side, and downstream demand side has high purchasing enthusiasm, resulting in smooth shipment of epoxy propane. At present, some epoxy propane enterprises are operating at a reduced load, resulting in tight market supply. It is expected that the epoxy propane market will remain stable and strong in the short term, and more attention should be paid to changes in raw material prices and market supply and demand.
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