Price trend

According to the monitoring data of SunSirs, as of November 29, the average price of propylene oxide of enterprises was 9,362.50 RMB/ton, down 2.13% from the price on November 1.

Analysis review

In November, the propylene oxide market fluctuated, with the overall trend rising first and then falling. In early and mid November, the raw propylene fell after rising, the cost pressure remained, some units fluctuated, the supply shrank for a short time, the factory shipped smoothly, and the price was mainly supported without pressure. The downstream followed up carefully, and the market fluctuated upward slightly. In late November, the price of propylene as raw material rose slightly, the cost support was improved, the supply side devices were partially recovered, the northern part of the country was slightly accumulated, but the pressure was controllable, the downstream purchasing atmosphere was weak, and the market atmosphere was general. Near the end of the month, the downstream purchased low volume just in needed to follow up, and the market was weak.

Upstream propylene, according to the monitoring data of SunSirs, the domestic propylene (Shandong) market performed commonly in November, rising first and then operating in a narrow range. On November 28, the reference price of propylene was 7,436.60 RMB/ton, up 5.68% compared with the price on November 1 (7,036.60 RMB/ton).

The downstream propylene glycol, according to the monitoring data of SunSirs, on November 28, the reference price of propylene glycol was 7,900.00 RMB/ton, a decrease of 2.47% compared with the price on November 1 (8,100.00 RMB/ton).

Market outlook

According to the propylene oxide analyst of SunSirs, the raw propylene is running strongly at present, with some support on the cost side, and the supply side devices are temporarily stable, but the demand side is general, and rigid downstream followed up cautiously. It is expected that in the short term, the propylene oxide market will be weak and stable, and more attention should be paid to the market news guidance.

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