Price trend

The recent slight rise in the propylene oxide market had weakened the stalemate. According to the Commodity Market Analysis System of SunSirs, as of April 23, the average price of propylene oxide in the domestic market was referenced at 9,145.00 RMB/ton, an increase of 0.08% compared to last Thursday (April 18).

Price influencing factors:

Cost side: According to the commodity market analysis system of SunSirs, the reference price for propylene on April 23 was 6,820.60 RMB/ton, a decrease of 0.41% compared to April 1 (6,848.60 RMB/ton). In the recent stage, the price of raw material propylene had first increased and then decreased, and the price of raw material liquid chlorine had first decreased and then increased. The fluctuation of cost had a certain impact on the rise and fall of propylene oxide market prices, and downstream users were more concerned about the cost of propylene oxide.

Supply and demand side: Last Thursday, the supply side was mainly stable, with downstream follow-up still acceptable, and the focus of market negotiations slightly increased. After the rise, the trading atmosphere in the market slowed down, and downstream wait-and-see buying decreased. This week, the factory's shipments were average, and downstream procurement mentality was cautious with limited follow-up. The supply side was slightly under pressure, and the market atmosphere was weak. The company's quotation was lowered.

Market outlook

The propylene oxide analyst from SunSirs believes that the cost support still existed, and downstream wait-and-see follow-up had increased. The market transaction atmosphere was still good, and it is expected that the propylene oxide market may experience a narrow upward trend in the short term. More attention still needs to be paid to the downstream pre holiday stocking situation.

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