The domestic epoxy propane market fluctuated upward in September. According to the monitoring system of Shengyi Society, as of September 30th, the benchmark price of Shengyi Society’s epoxy propane was 7766.67 yuan/ton, an increase of 4.25% compared to September 1st.
Price influencing factors:
Raw material side: In September, the price of propylene fluctuated and provided limited support for the cost of epoxy propane, but did not exert significant pressure on the cost of epoxy propane. According to the market analysis system of Shengyi Society, as of September 30th, the benchmark price of propylene in Shengyi Society was 6598.25 yuan/ton, a decrease of 0.98% compared to the beginning of this month (6663.25 yuan/ton).
Supply side: In the mid to early period, the market was boosted by the news of Shandong’s release of equipment parking, and the trading atmosphere in the market warmed up; In the later stage, the load reduction of the first phase unit in Shandong and the temporary shutdown of the Dongying unit resulted in tight spot inventory of domestic epoxy propane production enterprises. The supporting role of the supply side in the market has been strengthened, and the price of epoxy propane continues to rise.
On the demand side: In mid September, downstream demand for replenishing inventory was concentrated, and the new transaction volume of polyether factories increased significantly, which significantly increased the enthusiasm for purchasing epoxy propane. It is expected that the price trend of epoxy propane will be strong in the later stage.
Market forecast:
Business Society’s epoxy propane analyst believes that the supply of epoxy propane in the market is tight, with limited support from raw material prices, and downstream market demand is still acceptable. It is expected that the focus of the epoxy propane market will shift upwards in the later stage, and more attention should be paid to changes in raw material prices and downstream supply and demand.
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