This week (8.14-8.17), the epoxy propane market remained stable and declined. According to the Commodity Market Analysis System of the Business Society, as of August 17th, the average price of epoxy propane enterprises was 9425.00 yuan/ton, a decrease of 1.31% compared to Monday’s price. On August 17th, the mainstream quotation in the Shandong epoxy propane market was around 9100-9200 yuan/ton.

Cost side: Recently, the price of raw material propylene has fluctuated slightly. According to the Commodity Market Analysis System of Business Society, the reference price of propylene on August 16 was 6800.75, an increase of 1.3% compared to August 1 (6713.25). The raw material liquid chlorine is operating at a high level, and the cost has some support for the epoxy propane market.

Supply and demand side: Recently, some supply side devices have been repaired, and factory shipments have been average. Downstream follow-up has decreased, and some inventory has been slightly under pressure. High end negotiations in the market are weak, and some companies have lowered their prices.

The epoxy propane analyst at Business Society believes that there is still cost support, and downstream companies just need to follow up in an appropriate amount. With a strong wait-and-see mentality, it is expected that the epoxy propane market may weaken and stabilize in the short term, and more attention needs to be paid to market news guidance.