This week, the epoxy propane market has been operating weakly and steadily. According to the Commodity Market Analysis System of Shengyi Society, as of March 27th, the benchmark price of Shengyi Society’s epoxy propane was 7987.5 yuan/ton, a decrease of -0.47% from the beginning of the month.
Price influencing factors:
Supply side: Currently, market inventory has decreased. Enterprises tend to have a strong mentality of supporting prices.
Raw material end: narrow amplitude oscillation of raw material propylene is the main factor. According to the market analysis system of Shengyi Society, as of March 26th, the benchmark price of propylene in Shengyi Society was 6783.25 yuan/ton, a decrease of -0.44% compared to the beginning of this month (6813.25 yuan/ton).
Downstream demand side: The downstream market is mostly wait-and-see, and the trading atmosphere is average. Due to the expected reduction in raw materials caused by the maintenance of epoxy propane units in some regions, the market’s purchasing enthusiasm has increased.
Market forecast:
An epoxy propane analyst from Shengyi Society believes that the inventory maintenance plan on the supply side of epoxy propane has led to a reduction in inventory, which still provides some support for market supply. However, the downstream trading atmosphere is generally average, with on-demand procurement as the main focus and insufficient demand support. Many companies are mainly pushing prices. It is expected that the epoxy propane market will continue to fluctuate in the later stage, and more attention should be paid to changes in raw material prices.