This week, the epoxy propane market entered a weak stable consolidation state. According to the Commodity Market Analysis System of Shengyi Society, as of March 6th, the benchmark price of Shengyi Society’s epoxy propane was 8037.5 yuan/ton, an increase of 0.16% compared to the beginning of this month (8100 yuan/ton).

Price influencing factors:

Supply side: Lihua Yiweiyuan and Xinyue Group’s epoxy propane product facilities have been restored, with a steady increase in supply and normal market transactions.

On the raw material side: Recently, the price of propylene has risen, and the cost side is supporting epoxy propane. The price of epoxy propane is running steadily. According to the market analysis system of Shengyi Society, as of March 6th, the benchmark price of propylene in Shengyi Society was 6835.75 yuan/ton, an increase of 0.33% compared to the beginning of this month (6813.25 yuan/ton).

Downstream demand side: The downstream market is observing and following up on purchasing, and the trading atmosphere in the market is improving. New orders are still being transacted.

Market forecast:

Business Society’s epoxy propane analyst believes that the epoxy propane market has entered a weak and stable consolidation state, with supply side support temporarily stored, downstream follow-up procurement, and improved market trading atmosphere. It is predicted that the epoxy propane market price may show a volatile trend in the later stage, and more attention should be paid to changes in raw material prices.