According to SunSirs data, as of December 15th, the average enterprises price of propylene oxide was 13,966.67 RMB/ton, which was 4.34% lower than the price on last Wednesday (December 8). Compared with the price on November 15, the price fell by 11.60%%, and it fell by 15.52% in a three-month cycle.
Recently (12.8-12.15), the market price of propylene oxide had fallen. On the 8th, the market price of propylene oxide remained deadlocked and stabilized. The price of raw material propylene had gradually declined, cost support had gradually weakened, downstream demand was quiet, and the wait-and-see atmosphere was strong. The pressure on factory inventory was not great, and the price was mainly high. With the slow increase of factory inventory, downstream bearish sentiment was strong, purchasing enthusiasm was not high, the focus of negotiation was down, and the market atmosphere was weak. On the 15th, the mainstream price of propylene oxide market in Shandong was around 13,350-13,500 RMB/ton.
Upstream propylene, on December 14, the reference price of propylene was 7,437.17 RMB/ton, which was a drop of 1.44% compared with the price on December 1 (7,545.50 RMB/ton).
Downstream propylene glycol, according to the monitoring data of SunSirs, as of December 14, the average ex-factory price of domestic industrial grade propylene glycol was referenced at 17,616 RMB/ton, compared with the price on December 9, 2021 (the reference price of propylene glycol was 16,800 RMB/ton), the average price was raised by 816 RMB/ton, an increase of 4.86%. compared with the price on December 1 (the reference price of propylene glycol was 17,933 RMB/ton), the average price was lowered by 317 RMB/ton, a decrease of 1.77%.
The propylene oxide analyst of SunSirs believes that the current raw material propylene is mainly stable, the cost support is not large, the factory shipments are average, the demand side is slightly insufficient, the downstream is mainly cautious and the market atmosphere is weak. It is expected that in the short term, the propylene oxide market may be weakly consolidated, and more attention needs to be paid to market news guidance.
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