Recently, the epoxy propane market has been stagnant and slightly weakened. According to the Commodity Market Analysis System of Shengyishe, as of April 17th, the average price of epoxy propane in the domestic market was referenced at 9137.50 yuan/ton, a decrease of 0.68% compared to last Wednesday (April 10th).
| Gamma-PGA (gamma polyglutamic acid) |
Price influencing factors:
Cost side: According to the commodity market analysis system of Shengyishe, the reference price for propylene on April 16th was 6906.60, an increase of 0.85% compared to April 1st (6848.60). Recently, the price of propylene raw materials has risen, while the price of liquid chlorine raw materials has first fallen and then increased. The cost of propylene oxide is strongly supported by the market, supporting market sentiment.
Supply and demand side: Last Wednesday, the supply side was mainly stable, with controllable inventory pressure. Downstream observers followed suit with reduced volume, resulting in a market stalemate and a general weekend shipment by enterprises. This week, factory inventory has been slightly under pressure, downstream is waiting and watching, procurement follow-up is insufficient, market atmosphere is weak, and the market is falling. After the decline, downstream follow-up has improved, and the market atmosphere is still good. The price of epoxy propane remains stable and watchful.
Future Market Forecast:
The epoxy propane analyst from Business Society believes that the current cost support is strong, and downstream polyether new orders are generally following suit. The transaction volume is mainly in demand, and it is expected that the epoxy propane market will stabilize or rise slightly in the short term. More attention still needs to be paid to changes in raw material prices.
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