According to the Commodity Market Analysis System of Shengyi Society, as of September 13th, the benchmark price of Shengyi Society’s epoxy propane was 8817.5 yuan/ton, an increase of 2.44% compared to the beginning of this month (8607.5 yuan/ton).

Price influencing factors:

Supply side: Downstream polyether new orders increase, the shipping atmosphere of enterprises is good, inventory is sufficient, and the price trend of epoxy propane market is stabilizing.

Raw material side: Recently, the price of raw material propylene has continued to decline. According to the market analysis system of Shengyi Society, as of September 13th, the benchmark price of propylene in Shengyi Society was 6760.75 yuan/ton, a decrease of -2.98% compared to the beginning of this month (6968.25 yuan/ton).

Downstream demand side: The downstream order volume has slightly increased, but the sustainability is weak, and the supply and demand transmission is not smooth. Many are adopting a wait-and-see attitude, and the epoxy propane market has entered a consolidation stage.

Market forecast:

An epoxy propane analyst from Shengyi Society believes that although there is some support for raw material prices, the downstream has a strong wait-and-see attitude, mainly focusing on on-demand procurement, and the transmission of supply and demand is not smooth, resulting in weak rise in epoxy propane prices. Prices tend to stabilize, and it is expected that the epoxy propane market will mainly consolidate in the short term. More attention should be paid to market news guidance.