SunSirs: The Market Price of Propylene Oxide Fell on September 23
September 25 2019 10:36:29 SunSirs (John)Price trend
According to the data of SunSirs, the market price of propylene oxide fell by 1.56% as of September 23. On September 23, the mainstream price of propylene oxide in China was 10300-10800 RMB/ton.
Analysis review
Product: The market price of propylene oxide fell on September 23. Purchasing rhythm of downstream polyether market has slowed down, and the supply and demand of the market are basically balanced. The cash delivery price of Wanhua Chemistry Shandong Mainstream Market was 10500 RMB/ton on September 23, and that of East China Mainstream Market was 108 00 RMB/ton. At present, the mainstream quotation of propylene oxide Market in eastern China is around 10 600 RMB/ton, which is Cash remittance; the mainstream quotation of propylene oxide Market in Shandong is around 10 200 RMB/ton, which is remitted to the factory; and the mainstream quotation of propylene oxide Market in southern China is around 10 200 RMB/ton, which is remitted to the factory.
Industry chain: Upstream propylene market in Shandong Province remained stable on September 23 The price of propylene enterprises in Shandong Province remained flat on September 23. At present, the market turnover is around 7800-8000 RMB/ton, and the mainstream price is 7800 RMB/ton. On September 23, the downstream polyether market fell with raw materials, weak operation, cold trading atmosphere, strong wait-and-see atmosphere, and limited buying.
Market outlook
The propylene oxide analysts of SunSirs believe that the price of propylene will stabilize after the decline, the propylene oxide manufacturers are mainly active shipments, the downstream demand is relatively light, and there is no good support at present. It is expected that the propylene oxide market will be weak in the short term.
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- 2024-04-01 SunSirs: The Market Price of Propylene Oxide Slightly Increased in March
- 2024-03-28 SunSirs: The Market Price of propylene oxide Was Stable, and the Atmosphere Was Stronger (March 20-25)
- 2024-03-13 SunSirs: The Propylene Oxide Market Was Operating in a Stalemate, with a Weak Atmosphere
