This week, the epoxy propane market has been operating weakly and steadily. According to the Commodity Market Analysis System of Shengyi Society, as of March 14th, the benchmark price of Shengyi Society’s epoxy propane was 7925 yuan/ton, a decrease of -1.25% from the beginning of the month.
| Gamma-PGA (gamma polyglutamic acid) |
Price influencing factors:
Supply side: Currently, market inventory has decreased. Enterprises tend to have a strong mentality of supporting prices.
Raw material side: The price of raw material propylene liquid chlorine fluctuates. In terms of cost, there is still high pressure, and the market price of epoxy propane is mainly high. According to the market analysis system of Shengyi Society, as of March 13th, the benchmark price of propylene in Shengyi Society was 6935.75 yuan/ton, an increase of 1.80% compared to the beginning of this month (6813.25 yuan/ton).
Downstream demand side: The downstream market is mostly wait-and-see, and the trading atmosphere is average. Due to the expected reduction in raw materials caused by the maintenance of epoxy propane units in some regions, the market’s purchasing enthusiasm has increased.
Market forecast:
Business Society’s epoxy propane analyst believes that the maintenance plan for epoxy propane supply side inventory has reduced inventory, coupled with the continuous rise of liquid chlorine on the raw material side, the cost pressure on enterprises still exists, and the main focus is on raising prices. However, due to the reduction in epoxy propane inventory, downstream purchasing enthusiasm may follow suit, and it is expected that the epoxy propane market price will show a stable to strong trend in the later stage. More attention should be paid to changes in raw material prices.
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