Phase I: From early January to early February, the market of 2-EH rose sharply
Upstream propylene prices rose sharply, with strong cost support. The price rose from 7,548.60 RMB/ton in early January to 8,340.60 RMB/ton in early February, an increase of 10.49%. Downstream DOP market rose sharply, and downstream demand was good. The DOP price rose from 9,775.00 RMB/ton in early January to 13,400.00 RMB/ton in early February, up 37.08%. The downstream DBP rose 34.06% and the downstream DOTP rose 38.63%. The upstream and downstream made joint efforts, and the price of 2-EH rose significantly. The price rose from 10,133.33 RMB/ton in early January to 14,533.33 RMB/ton in early February, an increase of 43.42%.
PhaseⅡ: From early February to the end of May, the market of 2-EH fluctuated widely
The upstream propylene price fluctuated slightly, with average cost support. The price dropped from 8,340.60 RMB/ton in the first ten days of February to 8,070.60 RMB/ton at the end of May, a decrease of 3.24%. Downstream DOP market fell in shock, and downstream demand weakened. The DOP price fell from 13,400.00 RMB/ton in the early February to 11,912.50 RMB/ton at the end of May, a decline of 11.1%. Downstream DBP fell 16.22% and downstream DOTP fell 10.52%. The upstream support was general, while the downstream demand weakened, and the price of 2-EH fell in shock. The price dropped from 14,533.33 RMB/ton in the early of February to 12,466.67 RMB/ton at the end of May, a decline of 14.22%.
PhaseⅢ: From the beginning of June to the end of July, 2-EH market fell precipitously
The upstream propylene price fell sharply, and the cost support was insufficient. The price dropped from 8,080.60 RMB/ton at the beginning of June to 7,318.60 RMB/ton at the end of July, a decline of 9.43%. Downstream DOP market fell sharply, and downstream demand was seriously insufficient. The DOP price fell from 11,912.50 RMB/ton at the beginning of June to 8,887.50 RMB/ton at the end of July, a decline of 25.39%. Downstream DBP fell 14.24% and downstream DOTP fell 25.77%. The upstream support was insufficient, the downstream demand continued to decline, multiple negative, and the price of 2-EH drops sharply. The price dropped from 12,466.67 RMB/ton at the beginning of June to 8,100.00 RMB/ton at the end of July, a decrease of 35.03%.
PhaseⅣ: From the beginning of August to the end of December, the market of 2-EH fluctuated upward
The upstream propylene price fell in a narrow range, with average cost support. The price dropped from 7,348.60 RMB/ton at the beginning of August to 7,244.60 RMB/ton at the end of December, down 1.42%. Downstream DOP market fluctuated and rose, and downstream demand was good. The DOP price rose from 8,925.00 RMB/ton at the beginning of August to 9,750.00 RMB/ton at the end of December, an increase of 9.24%. The downstream DBP rose 9.54% and the downstream DOTP rose 9.19%. The upstream support was general, the downstream demand increased, and the price of 2-EH rose significantly. The price rose from 8,100.00 RMB/ton at the beginning of August to 9,733.33 RMB/ton at the end of December, an increase of 20.16%.
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