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June 13th China 2-EH Market Daily Report

 
1. 2-EH Prices in the Major Domestic Market
 

Units: Yuan/mt
Market
June 12th
June 13th
Markup
Remarks
East China
11600-11700
11350-11550
-200
Weakened market
North China
11300-11500
11200-11300
-150
Soft sentiment
Shandong
11300
11150-11250
-100
Decreased slightly

 
2. 2-EH Prices at the Major Domestic Plants
 

Units: Yuan/mt
Producer
June 12th
June 13th
Markup
Remarks
Qilu PC
11200-11300
11200-11300
0
Average trades.
NE-PetroChina
11100-11400
10800-11100
-300
Tight supplies.
Shandong Lihuayi
11500-11700
11200-11400
-300

Planned to shut down the device.

Shandong Jianlan Chemical
11500-11600
11200-11300
-300

Average production and marketing.

No.4 Beijing Chemical
11200-11200
11200-11200
0
Average deals.
Tianjin Soda
11500-11600
11200-11300
-300
Average sales.

 
3. Domestic 2-EH Market Report
 
The 2-EH market weakened today amid average sales at major 2-EH producers. Subdued by low operations of the plasticizer devices and limited purchase, 2-EH offers at prevailing producers dwindled. The inventory at ports remained at a low level. However, 2-EH deals were carried out difficultly; offers and discussions were both soft pressured by the lower-priced China-origin resources.
 
4. 2-EH Market Forecast
 
SCI index for 2-EH declined 10.64 to 978.72 today.

At present, spots in East China were not high, but 2-EH prices moved down due to the rough sales at petrochemical producers. In addition, the downstream market continued to lessen amid low operations of the devices. So most of market participants were pessimistic about the 2-EH market with limited 2-EH transactions. It was estimated the 2-EH market would continue on the weak trend.

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