SunSirs--China Commodity Data Group

Sign In

Join Now

Home > Commodity News > News Detail
Commodity News
SunSirs: Propylene Oxide Prices Rose Slightly in January
January 28 2022 12:11:33SunSirs(John)

Price trend

According to the monitoring data of SunSirs, as of January 27, the average enterprises’ price of propylene oxide was 11,366.67 RMB/ton, an increase of 2.40% compared with the price at the beginning of the month, and a decrease of 34.67% in a three-month cycle.

Analysis review

The propylene oxide market rose slightly in January. In early January, after the New Year's Day holiday, the price of raw material propylene stabilized after rising, downstream orders were released in a concentrated manner, inventory pressure eased, and the focus of market discussions gradually increased. With the cold performance of the demand side, the market price began to stalemate. In mid-January, the price of raw material propylene rose, and the cost support was strengthened, but the demand side was insufficient to follow up, the market sentiment was light, and the price was gradually loosened under the pressure of inventory. With the slightly low load operation of some devices in the field, the spot supply was tight, and the manufacturers mainly had a mentality to support the price. In late January, the price of raw material propylene fell, the cost support weakened, the downstream stocks were stocked before the festival, the social inventory of propylene oxide was low, the market followed up strongly, as the holiday was approaching, some logistics were restricted and terminals were delisted one after another. There was a strong wait-and-see atmosphere in the market, and prices were running smoothly.

Upstream propylene, on January 26, the propylene (Shandong) market fell, and the price adjustment rate was smaller than that at the beginning of the week. The mainstream price of propylene in Shandong was 7,750-7,850 RMB/ton. As the Spring Festival is approaching, downstream production has been shut down one after another, or production has been reduced for holidays, and the propylene market has plummeted. The price fell rapidly from a high of 8,000 RMB/ton, and the demand support was weak. At the same time, the downstream stocking was basically completed, and the supply and demand situation will not change much in the near future. On January 26, the reference price of propylene was 7,746.80 RMB/ton, an increase of 2.63% compared with the price on January 1 (7,548.60 RMB/ton).

Downstream propylene glycol, on January 26, the reference price of propylene glycol was 15,633.33 RMB/ton, a decrease of 4.67% compared with the price on January 1 (16,400.00 RMB/ton).

Market outlook

The propylene oxide analyst of SunSirs believes that the price of raw material propylene has been weak recently, the cost support has weakened, the pressure on factory inventory is temporarily controllable, and the downstream just needs to follow up before the festival. It is expected that the propylene oxide market may mainly stabilize in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products