This week, the epoxy propane market has been operating weakly and steadily. According to the Commodity Market Analysis System of Shengyi Society, as of December 13th, the benchmark price of Shengyi Society’s epoxy propane was 8470 yuan/ton, a decrease of -0.67% compared to the beginning of this month.
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Price influencing factors:
Supply side: From November to December at the end of the year, maintenance will be concentrated in the East China region. The 400000 tons/year HPPO unit in the Lianyungang region will be shut down for maintenance on November 11th, with an estimated 45 days. The 270000 tons/year PO/SM unit in Zhejiang Petrochemical may also be scheduled for maintenance in mid November, with only the 200000 tons/year PO/SM unit in Shenghong operating normally. Affected by it, prices in East China have fallen slightly.
Raw material side: The price of propylene on the raw material side fluctuated and fell. According to the market analysis system of Shengyi Society, as of December 13th, the benchmark price of propylene in Shengyi Society was 6828.25 yuan/ton, a decrease of -0.26% compared to the beginning of this month (6845.75 yuan/ton).
Downstream demand side: The downstream demand side is relatively cold, with insufficient follow-up on procurement, cold actual market transactions, and mainly focused on first-time purchases, adopting a cautious and wait-and-see attitude.
Market forecast:
Business Society’s epoxy propane analyst believes that due to the impact of increased supply from various companies and weak downstream demand, it is advisable to wait and see. Insufficient follow-up on essential procurement is expected to lead to short-term fluctuations and consolidation in the epoxy propane market, and more attention should be paid to market news guidance.
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