I. Today’s Summary
II. Spot Market Overview
Table 1: Summary of Domestic EHA and Key Downstream Product Prices (Unit: CNY/ton)
| Market | Specification | Previous Period | Current Period | Change | Change % |
|---|---|---|---|---|---|
| Shandong | Premium Grade | 10250 | 10250 | 0 | 0% |
| Jiangsu | Premium Grade | 10375 | 10375 | 0 | 0% |
| Key Downstreams | |||||
| DOP | Shandong | 11200 | 11200 | 0 | 0% |
| DOTP | Zhejiang | 11300 | 11300 | 0 | 0% |
Data Source: Chempricehub Information
Today, ex-factory prices for EHA in Shandong ranged from 10,200 to 10,300 CNY/ton, while the reference price in the Jiangsu market was 10,300–10,450 CNY/ton. The domestic EHA market center remained stagnant today. International crude oil closing prices dropped significantly yesterday, dampening buyer enthusiasm and increasing wait-and-see attitudes among downstream users. Supply in the East China region remained tight, with local downstream users making essential purchases; trading activity was moderate.
III. Production Dynamics
Today, the capacity utilization rate for domestic EHA was approximately 75%. Propylene feedstock prices in Shandong fell to 11,500 CNY/ton. The quoted contract price for EHA in Shandong was 10,300 CNY/ton, resulting in a profit margin of 180 CNY/ton for Shandong producers.
IV. Price Forecast
With propylene feedstock prices trending lower, cost support has weakened. Buying is primarily driven by essential demand, and spot transaction pressures are gradually emerging. The EHA market center is expected to remain stagnant tomorrow.
V. Related Products
DOP market prices remained stable today. Traders actively shipped goods, with some offering room for negotiation. However, inquiry volume was insufficient. Downstream users had adequate inventory availability, showing little interest in high-priced purchases, resulting in mediocre overall trading activity.
VI. Data Calendar
Table 2: Domestic EHA Data Overview (Units: 10,000 tons, CNY/ton)
| Data Item | Release Date | Previous Period | Expected Trend for Current Period |
|---|---|---|---|
| Output | Thursday 17:00 | 6.67 | ↗ |
| Capacity Utilization Rate | Thursday 17:00 | 72% | ↗ |
| (Weekly Average) Profit | Thursday 17:00 | -16 | ↘ |
Data Source: Chempricehub Information
Notes:
1. ↓↑ indicates significant volatility, highlighting data dimensions with fluctuations exceeding 3%.
2. ↗↘ indicates minor volatility, highlighting data dimensions with fluctuations within 0–3%.
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