According to the Commodity Market Analysis System of the Business Society, as of June 27th, the average price of epoxy propane enterprises was 9600.00 yuan/ton, a decrease of 0.39% compared to last Tuesday (June 20th).
Recently, the epoxy propane market has experienced a rise and then a decline, with a narrow range of fluctuations. The cost support before the holiday is average, and the supply side devices are mainly stable. Downstream equipment just needs to be prepared before the holiday, and the market is stable and strong. After the holiday, the price of raw material propylene increases, and cost support increases. Some inventory is under pressure, and downstream wait-and-see reduction follows. As the price of epoxy propane decreases, factory shipments have rebounded. On the 27th, the mainstream quotation in the Shandong epoxy propane market was around 9150-9300 yuan/ton.
Upstream propylene, according to the Commodity Market Analysis System of Business Society, on June 26th, the reference price for propylene was 6475.75, an increase of 0.23% compared to June 1st (6460.75).
The epoxy propane analyst at Business Society believes that the current cost support is still acceptable, and the supply side pressure is temporarily controllable. The demand side just needs to follow up, and there is a strong wait-and-see atmosphere. It is expected that the epoxy propane market may become stagnant in the short term, and more attention needs to be paid to market news guidance.
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