Golden September hits, epoxy propane prices hit bottom and rebounded, with prices soaring in Shandong region, with an increase of up to 160 yuan/ton. According to the Commodity Market Analysis System of Shengyi Society, as of September 6th, the benchmark price of Shengyi Society’s epoxy propane was 8685.00 yuan/ton, an increase of 0.90% compared to the beginning of this month (8607.50 yuan/ton).

Price influencing factors:

Supply side: Downstream polyether new orders increase, the shipping atmosphere of enterprises is good, releasing inventory pressure, and the focus of epoxy propane market negotiations is on the rise.

Raw material side: Recently, the price of raw material propylene has decreased and the price of liquid chlorine has increased, resulting in a situation of mixed ups and downs in the raw material side. The support for the epoxy propane market is still acceptable. According to the market analysis system of Shengyi Society, as of September 6th, the benchmark price of propylene in Shengyi Society was 6938.25 yuan/ton, a decrease of -0.43% compared to the beginning of this month (6968.25 yuan/ton).

Downstream demand side: The downstream order volume has slightly increased, but the sustainability is weak, the supply and demand transmission is not smooth, and the driving force for chasing up is not strong.

Market forecast:

Business Society’s epoxy propane analyst believes that the current epoxy propane supply side and raw material side are supported by multiple favorable factors, and it is expected that the epoxy propane market will remain stable and strong in the short term. More attention should be paid to market news guidance.