According to the Commodity Market Analysis System of the Business Society, as of May 23, the average price of epoxy propane enterprises was 9925.00 yuan/ton, a decrease of 0.50% compared to last Thursday (May 18).
Recently, the epoxy propane market has been stagnant and weak. Recently, the price of raw material propylene has decreased, and the cost support has been weak. Last week, some devices on the supply side have gradually increased, while the demand side is mainly wait-and-see. Downstream procurement mentality is cautious, and factory shipments have weakened. The market is stagnant. At the beginning of this week, the supply side increased, and downstream demand procurement is the main demand. The market atmosphere is average, and the epoxy propane market is showing weak operation. On the 23rd, the mainstream quotation for epoxy propane in the Shandong region was around 9450-9600 yuan/ton.
Upstream propylene, according to the commodity market analysis system of the business community, the recent price of propylene in Shandong has dropped. On May 22, the reference price of propylene was 6783.25, down 3.82% from May 1 (7052.60).
According to epoxy propane analysts from Business Society, there is currently insufficient support on the cost side, incremental supply side, and cautious follow-up on the demand side. It is expected that the epoxy propane market may be weak in the short term, and more attention should be paid to market news guidance.
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