According to the Commodity Market Analysis System of Shengyishe, as of May 21st, the average price of epoxy propane in the domestic market is referenced at 9225.00 yuan/ton, which is basically unchanged compared to last Friday’s price.
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Recently, the epoxy propane market has been stagnant and wait-and-see. Recently, the price of propylene raw material has slightly increased, while the price of liquid chlorine raw material is narrow and weak, with average cost support. Part of the equipment on the supply side fluctuates, and inventory pressure is temporarily controllable, supporting the mentality of the industry. However, downstream customers have a strong cautious and wait-and-see attitude towards high-level delivery, and they follow up with the demand in moderation. Holders mainly ship according to the market.
According to the commodity market analysis system of Business Society, the reference price for propylene on May 20th was 6788.60, a decrease of 0.18% compared to May 1st (6800.60).
Future Market Forecast:
Business Society’s epoxy propane analyst believes that short-term cost support may be limited, and supply side pressure is not significant for the time being. However, under the expectation of incremental growth, downstream wait-and-see sentiment is gradually increasing. It is expected that in the short term, the epoxy propane market may remain stagnant and operate on a wait-and-see basis, and more attention should be paid to market news guidance.
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