The domestic epoxy propane market has seen a slight increase. According to the monitoring system of Shengyi Society, as of July 23, the benchmark price of Shengyi Society’s epoxy propane was 7356.67 yuan/ton, an increase of 0.41% compared to July 1.
Price influencing factors:
Raw material side: The market prices of raw materials propylene and liquid chlorine are running steadily, with a moderate impact on the price of epoxy propane. According to the market analysis system of Shengyi Society, as of July 23, the benchmark price of propylene in Shengyi Society was 6530.75 yuan/ton, a decrease of 2.83% compared to the beginning of this month (6720.75 yuan/ton).
Supply side: The phenomenon of supply contraction has affected the slight increase in epoxy propane prices.
On the demand side, the downstream trading atmosphere of epoxy propane has improved compared to before, and the purchasing enthusiasm of industry players has also been appropriately boosted. Overall, there is some support for the demand in the epoxy propane market, and the market may continue to operate steadily with an upward trend in the later stage.
Market forecast:
An epoxy propane analyst from Shengyi Society believes that the supply of epoxy propane in the market has decreased, the support of raw material prices is limited, and the trading atmosphere in downstream markets is still acceptable. It is expected that the epoxy propane market will operate steadily with a moderate to strong trend in the later stage, and more attention should be paid to changes in raw material prices and downstream supply and demand.