Downstream is not active, epoxy propane market consolidates

According to the Commodity Market Analysis System of Shengyishe, as of April 7th, the average price of epoxy propane in the domestic market is based on 9225.00 yuan/ton, which is basically the same as the price at the beginning of the month.


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Since April, the epoxy propane market has been operating steadily. Recently, some supply side devices have fluctuated and the industry’s capacity utilization rate has slightly improved. At the beginning of the month, the cost support was relatively strong, and downstream procurement attitudes were cautious, with a focus on observing and following up appropriately. The market trading atmosphere before the holiday was still good. After the holiday, there is some support for the cost side, and downstream observers are generally following suit, resulting in a stalemate in the market atmosphere.


Cost side: According to the commodity market analysis system of Shengyishe, the reference price for propylene on April 5th was 6840.60, a decrease of 0.12% compared to April 1st (6848.60). Recently, the price of propylene raw material has been narrow and weak, while the price of liquid chlorine raw material has slightly increased. The cost is still supported by the epoxy propane market.


The epoxy propane analyst from Business Society believes that the current market has a strong wait-and-see mentality, and short-term cost support still exists. The supply side of the north-south market is slightly divided, and the spot supply in the southern market is tight. The inventory pressure in the northern market is temporarily controllable, and downstream procurement is more cautious in following up. It is expected that in the short term, the epoxy propane market may remain stagnant and operate, and more needs to wait for market news guidance.

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