The recent slight rise in the epoxy propane market has weakened the stalemate. According to the Commodity Market Analysis System of Shengyishe, as of April 23, the average price of epoxy propane in the domestic market was referenced at 9145.00 yuan/ton, an increase of 0.08% compared to last Thursday (April 18).

Price influencing factors:

Cost side: According to the commodity market analysis system of Shengyishe, the reference price for propylene on April 23 was 6820.60, a decrease of 0.41% compared to April 1 (6848.60). In the recent stage, the price of raw material propylene has first increased and then decreased, and the price of raw material liquid chlorine has first decreased and then increased. The fluctuation of cost has a certain impact on the rise and fall of epoxy propane market prices, and downstream users are more concerned about the cost of epoxy propane.

Supply and demand side: Last Thursday, the supply side was mainly stable, with downstream follow-up still acceptable, and the focus of market negotiations slightly increased. After the rise, the trading atmosphere in the market slowed down, and downstream wait-and-see buying decreased. This week, the factory’s shipments were average, and downstream procurement mentality was cautious with limited follow-up. The supply side was slightly under pressure, and the market atmosphere was weak. The company’s quotation was lowered.

Future Market Forecast:

The epoxy propane analyst from Business Society believes that the current cost support still exists, and downstream wait-and-see follow-up has increased. The market transaction atmosphere is still good, and it is expected that the epoxy propane market may experience a narrow upward trend in the short term. More attention still needs to be paid to the downstream pre holiday stocking situation.