Price trend

According to the Commodity Market Analysis System of SunSirs, as of March 11th, the average price of propylene oxide for enterprises was 9,150.00 RMB/ton, which was unchanged from last Wednesday (March 6th).

Analysis review

The recent market situation of propylene oxide had been stagnant, and the market atmosphere was weak. Recently, the price of raw material propylene had risen first and then fallen, while the price of raw material liquid chlorine had declined, and the cost had weakened in the face of support from the propylene oxide market. On the supply side, there were fluctuations in some devices, and factory shipments were average. Downstream buyers were not very enthusiastic, and they were mainly cautious and cautious in following up on volume reduction. The market atmosphere was flat, and on March 11th, the mainstream quotation in the Shandong propylene oxide market was around 8,950-9,000 RMB/ton.

Upstream propylene: According to the commodity market analysis system of SunSirs, the reference price of propylene on March 11th was 6,992.60 RMB/ton, an increase of 1.77% compared to March 1st (6,870.75 RMB/ton), providing moderate support for the propylene oxide market.

Market outlook

The propylene oxide analyst from SunSirs believes that the cost support was limited, and the downstream market was mainly flat and wait-and-see. The propylene oxide market may operate weakly in the short term, and more attention needs to be paid to the impact of cost.

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