SunSirs: Propylene Oxide Market Price Rose This Week (February 17-21 )

Price trend

According to the monitoring data of SunSirs, the market for propylene oxide has risen this week. As of February 21, the average price of propylene oxide was 8,876.67 RMB/ton, which was 1.15% higher than the beginning of the week and 13.49% lower than January 1.

Analysis review   

Product:

The market of propylene oxide rose this week. Downstream and terminal operating rates have risen, the market trading atmosphere has picked up, and the shutdown of major propylene oxide plants has not yet resumed. With the support of supply and demand, the overall market has shown an upward trend this week. On the 21st, the cash delivery price of Wanhua Chemical's in Shandong mainstream market was 8,800 RMB/ton. At present, the mainstream quotation of propylene oxide market in East China is near 8,800-8,900 RMB/ton, the mainstream quotation of propylene oxide market in Shandong area is near 8,700-8,800 RMB/ton, and the mainstream quotation of propylene oxide market in northeast China is 8,900-9,000 RMB/ton nearby.

Industrial chain: 

As of February 21, the price of propylene in Shandong still rose sharply. The current market turnover is around 6,600-6,800 RMB/ton, and the mainstream price is around 6,600 RMB/ton. At the beginning of the week, the average price of the company was a weekly low price of 6,103 RMB/ton; on the weekend, the average price of the company was a weekly high price of 6,618 RMB/ton. Propylene increased by 8.45% this week.

Market outlook

Propylene oxide analysts of SunSirs believe that the recent continuous rise in raw material propylene and strong cost support. The enthusiasm for downstream polyether procurement is still acceptable. It is expected that in the short term, the propylene oxide market may rise steadily. More attention should still be paid to the pre-repair plants and the downstream demand news guidelines.

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