The epoxy propane market remained stable this week. According to the Commodity Market Analysis System of Business Society, as of January 19th, the average price of epoxy propane for enterprises was 9137.50 yuan/ton, which is unchanged from Monday’s price.
Cost side: According to the commodity market analysis system of Shengyishe, the reference price for propylene on January 18th was 6825.75, a decrease of 0.62% compared to January 1st (6868.25). This week (1.15-1.19), the domestic propylene (Shandong) market prices have risen, with increased cost support.
Supply and demand side: At the beginning of the week, the supply was stable, and downstream inquiries and purchases were still active. The actual market transactions were average, and some factories slightly accumulated inventory in the middle of the week, but inventory pressure was controllable. Downstream observation and follow-up were the main focus. On January 19th, the mainstream quotation in the Shandong epoxy propane market was 9050-9150 yuan/ton.
The epoxy propane analyst from Business Society believes that the current cost and supply support still exist, and downstream follow-up is still possible. It is expected that the epoxy propane market may operate steadily, moderately, and strongly in the short term, and more attention needs to be paid to market news guidance.
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