This week, the epoxy propane market hit bottom and rebounded. According to the Commodity Market Analysis System of Shengyi Society, as of November 28th, the benchmark price of Shengyi Society’s epoxy propane was 8505 yuan/ton, a decrease of -1.31% compared to the beginning of this week (8617.5 yuan/ton).

Price influencing factors:

Supply side: From November to December at the end of the year, maintenance will be concentrated in the East China region. The 400000 tons/year HPPO unit in the Lianyungang region will be shut down for maintenance on November 11th, with an estimated 45 days. The 270000 tons/year PO/SM unit in Zhejiang Petrochemical may also be scheduled for maintenance in mid November, with only the 200000 tons/year PO/SM unit in Shenghong operating normally. The market supply is tight, and the epoxy propane market is rising in price.

Raw material side: The price of liquid chloropropene on the raw material side fluctuates, and the cost side of epoxy propane enterprises is under high pressure. According to the market analysis system of Shengyi Society, as of November 28th, the benchmark price of propylene in Shengyi Society was 6825.75 yuan/ton, an increase of 0.59% compared to the beginning of this month (6785.75 yuan/ton).

Downstream demand side: Insufficient follow-up on downstream procurement, sluggish actual market transactions, and a focus on essential procurement, cautious observation.

Market forecast:

Business Society’s epoxy propane analyst believes that the market supply is tight, downstream procurement follow-up is insufficient, and a wait-and-see attitude is strong. Demand based procurement is the main focus, and it is expected that the short-term epoxy propane market will mainly fluctuate and consolidate. More attention should be paid to market news guidance.