SINGAPORE (ICIS)--China 2-EH prices hit the lowest level since 2016 in early April because demand declined amid the coronavirus outbreak after the Chinese Lunar New Year holiday. However, the prices rallied rapidly in the first half of April, and then rose steadily in May.
In this episode of the ICIS Asia podcast, Sikee Shi speaks with Claire Gao, analyst for the ICIS China 2-EH market on recent trends and outlook.
- Domestic 2-EH prices rise despite widely fluctuated propylene
- 2-EH stocks to remain low on plant turnarounds
- Higher arbitrage risk to curb import volumes
- Demand to weaken on off-season for plasticizers