According to the Commodity Market Analysis System of Business Society, the epoxy propane market fluctuated and rose in the first half of 2023. On January 1, 2023, the average price of epoxy propane enterprises was 8966.67 yuan/ton. As of June 30, the average price of epoxy propane enterprises was 9600.00 yuan/ton, with a market increase of 7.06% within six months.
First quarter: In January, the cost support was average, with no pressure on the supply side, and the demand side mainly needed to follow up. Before the holiday, downstream stocking was concentrated, and the epoxy propane market rose narrowly. In February, the raw material propylene experienced a narrow range of fluctuations, leading to an increase in the price of raw material liquid chlorine and cost support. Some units underwent load reduction and maintenance, resulting in a decrease in market supply. The demand side remained on the sidelines to follow up, and the epoxy propane market was operating strongly. In March, there was no pressure on the supply side, supporting the rise of market prices. In the latter half of the year, cost support weakened, and shipments from factories in production were average. The market trading atmosphere was light, and the epoxy propane market was weak and organized.
Q2: The cost side had little impact in April, while the demand side remained flat and followed up, resulting in a narrow downward trend in the market. In May, the epoxy propane market fluctuated slightly. In the first half of the month, there were some fluctuations on the supply side, and the market supply and demand pattern was tight. The demand side watched and followed moderately, while the supply side had no pressure to support the strong operation of the epoxy propane market. In the second half of the month, as the price of raw material propylene fell, the raw material liquid chlorine fluctuated at a low level. In addition, the supply side capacity utilization rate slightly rebounded, and the demand side reduced and followed up, leading to a weakening of the epoxy propane market. In June, the demand side mainly followed up with a moderate amount of rigid demand, while changes in supply side devices affected the market, causing fluctuations and declines in the epoxy propane market.
Upstream propylene, according to the Commodity Market Analysis System of Business Society, as of June 30, the average spot price of domestic propylene was 6518.25 yuan/ton, a decrease of 10.03% from the 7244.60 yuan/ton at the beginning of the year.
Entering July, the epoxy propane market has stabilized and organized, with a strong wait-and-see atmosphere. Currently, there is some support for the cost side, with the supply side being mainly stable. Downstream procurement enthusiasm has slightly decreased. It is expected that in the short term, the epoxy propane market may be on the sidelines for consolidation and operation, and more attention needs to be paid to market news guidance.
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