Price trend
On June 11th, the commodity price ratio index of propylene and 2-EH was 79.18, an increase of 0.97 points from the previous day, a decrease of 60.24% from the highest point in the cycle of 199.16 points (2020-04-13), and an increase of 66.76% from the lowest point of 47.48 points on August 8th, 2021. (Note: The cycle refers to the period from January 2012 to present).
According to the Commodity Analysis System of SunSirs, the average market price of 2-EH in Shandong on June 12th was 10,130 RMB/ton, a decrease of 0.10% from the previous trading day.
Analysis review
The upstream propylene market fluctuated and consolidated, while the cost support for 2-EH still existed. The downstream plasticizer market fluctuated and consolidated, and the downstream procurement enthusiasm remained stable. The support for the rise of 2-EH still existed, and the downward pressure weakened.