According to the Commodity Market Analysis System of Shengyishe, as of May 31st, the average price of epoxy propane for enterprises was 9137.50 yuan/ton, a decrease of 0.95% compared to the price on May 1st.

The market price of epoxy propane slightly decreased in May. After the holiday, the raw material propylene fluctuated and rose, while the raw material liquid chlorine fluctuated narrowly. The cost support is still acceptable. The spot supply in the East China market is tight, and the inventory pressure in the Shandong market has eased. The overall performance of the demand side is average, and the price of epoxy propane in the market is mainly stable. In the middle of the month, the price of raw material propylene fluctuated and weakened, while the price of raw material liquid chlorine was narrow and weak. Cost support weakened, and some devices on the supply side fluctuated. Inventory pressure was controllable, but downstream buying intentions were average, with a focus on moderate follow-up of just in time demand. The market atmosphere was deadlocked, and holders mainly negotiated with them. In the latter half of the year, some downstream devices have reduced their load, and the demand side lacks follow-up power for epoxy propane. Downstream enterprises are mainly waiting and waiting, and they are willing to take advantage of the situation. As a result, the focus of negotiations in the epoxy propane market has weakened. At the end of the month, with strong cost support, prices slightly rebounded.

Upstream propylene: In May, the price of raw material propylene fluctuated and stabilized. According to the Commodity Market Analysis System of Business Society, as of May 30th, the price of propylene was 6860.6 yuan/ton, a slight increase of 0.88% compared to the price of 6800.6 yuan/ton on May 1st. Limited support for the epoxy propane market.

The epoxy propane analyst from Business Society believes that the current cost support is obvious, and downstream low price follow-up is still acceptable. The market’s wait-and-see attitude still exists, and it is expected that the epoxy propane market may be narrow and strong in the short term. More attention should be paid to market news guidance.