This week, the domestic epoxy propane market is mainly consolidating and operating. According to the monitoring system of Shengyi Society, as of October 31st, the benchmark price of Shengyi Society’s epoxy propane was 7700 yuan/ton, a decrease of -0.86% compared to October 1st.

Price influencing factors:
Raw material side: The focus of the propylene raw material market is declining, which weakens the support for the epoxy propane market. As of October 31st, the benchmark price of propylene in Shengyi Society was 6095.75 yuan/ton, a decrease of 6.84% compared to the beginning of this month (6543.25 yuan/ton).
Supply side: The Lihua Yi device on the supply side has resumed feeding and restarted, and the spot circulation volume is expected to increase. The market supply is temporarily stable. Recently, epoxy propane has been in the stage of consolidation operation.
On the demand side: Downstream polyether enterprises are holding onto rigid procurement in multiple dimensions, with a strong wait-and-see attitude. The demand side has limited support for the epoxy propane market.
Market forecast:
An epoxy propane analyst from Shengyi Society believes that the decline in the propylene market center on the raw material side has weak support for epoxy propane, weak downstream demand, and a strong wait-and-see attitude towards rigid demand procurement. In addition, the restart of the Lihua Yi plant has increased market supply, and it is expected that the epoxy propane market will mainly consolidate and operate in the later stage. More attention should be paid to changes in raw material prices and market supply and demand.