According to the Commodity Market Analysis System of Shengyishe, as of March 18, 2024, the average price of epoxy propane in the domestic market is based on 9150 yuan/ton, which is basically unchanged compared to March 11.

Last week (3.11-3.15), the epoxy propane market remained stagnant and mainly operated through consolidation. Starting from the weekend, manufacturers raised prices and dealers offered stable prices. On March 18th, the reference factory price for Shandong epoxy propane was around 9000-9050 yuan.

Cost side: According to the commodity market analysis system of Shengyishe, the average price of propylene in Shandong on March 11th was 6992.60 yuan/ton, and on March 15th it was 6948.60 yuan/ton, a decrease of 0.63% during the cycle. Recently, the price of propylene raw materials has been declining, and the price of liquid chlorine raw materials has fluctuated weakly. The cost support in the epoxy propane market is weak.

Supply and demand side: At the beginning of last week, inventory on the supply side was at a median level, and downstream purchasing intentions were insufficient, resulting in a weak market stalemate. In the middle of the week, the downstream followed up moderately, and factory shipments were still acceptable. Some inventory pressures were slightly relieved, but the market purchasing mentality was cautious. With price reductions in some regions, market shipments rebounded again, and factories offered high prices over the weekend. On Monday of this week, downstream follow-up was average, and the market wait-and-see atmosphere was strong.

The epoxy propane analyst from Business Society believes that the current market for raw materials propylene and liquid chlorine is weak, and short-term cost support may be limited. The demand side mainly follows up on demand, and factory shipments are average. It is expected that in the short term, the epoxy propane market may remain stagnant and operate, and more attention should be paid to market news guidance.