The recent market trend of epoxy propane has been mainly stable. According to the Commodity Market Analysis System of Shengyishe, as of February 5th, the average price of epoxy propane for enterprises was 9237.50 yuan/ton, which remained unchanged compared to the beginning of the month and increased by 0.96% compared to the same period last year.
| Gamma-PGA (gamma polyglutamic acid) |
Cost side: According to the commodity market analysis system of Business Society, the domestic propylene (Shandong) market prices have recently stopped falling and risen, providing general support for the epoxy propane market.
Supply and demand side: At the beginning of the month, the supply side was mainly stable, and downstream demand followed up moderately. Factory shipments were still acceptable, and inventory pressure was controllable. As terminals gradually withdrew from the market, downstream new orders were average, and the pace of purchasing epoxy propane slowed down. The market was operating weakly. On February 5th, the mainstream quotation in the Shandong epoxy propane market was around 8800 yuan/ton.
Business Society’s epoxy propane analyst believes that currently, the price of raw material propylene is rising, and the cost support is still acceptable. Downstream follow-up is average, and it is expected that in the short term, the epoxy propane market may wait and see, and more attention needs to be paid to market news guidance.
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