According to the Commodity Market Analysis System of Shengyi Society, as of November 19th, the benchmark price of Shengyi Society’s epoxy propane was 8572.5 yuan/ton, a decrease of -1.12% compared to the beginning of this month (8670 yuan/ton).

Price influencing factors:

Supply side: Lianyungang major factory releases maintenance news, market atmosphere is tense. In late October, there was no inventory and limited sales, resulting in a tight market supply and an increase in epoxy propane prices.

Raw material side: The prices of raw materials propylene and liquid chlorine remain stable at high levels. Although the manufacturer has sufficient inventory, downstream demand is weak, and the company reduces profits by selling at low prices, resulting in a decrease in actual trading volume. According to the market analysis system of Shengyi Society, as of November 17th, the benchmark price of propylene in Shengyi Society was 6833.25 yuan/ton, an increase of 0.70% compared to the beginning of this month (6785.75 yuan/ton).

Downstream demand side: New orders and urgent purchases are the main focus in the downstream market, while actual orders and transactions are sluggish.

Market forecast:

An epoxy propane analyst from Shengyi Society believes that downstream purchasing enthusiasm is average, with a strong wait-and-see attitude and a focus on on-demand procurement. Epoxy propane companies have a positive attitude towards pushing up prices, and it is expected that the short-term epoxy propane market will mainly experience fluctuations and consolidation. More attention should be paid to market news guidance.