SunSirs: Propylene Oxide Market Prices Fell (June 13-19)
June 21 2022 13:55:18 SunSirs (John)Price trend
According to the monitoring data of SunSirs, as of June 19, the average price of propylene oxide of enterprises was 11,033.33 RMB/ton, a decrease of 2.07% compared with the price on June 13, a decrease of 4.34% compared with the price on May 19, and a decrease of 7.28% in a three-month cycle.
Analysis review
Recently (6.13-6.19) the propylene oxide market fell. Recently, the raw material propylene market rose first and then weakened, and the cost side had a certain support. The factory shipments were flat, the downstream demand was light, the purchase was reduced, and the market was cautious. The mainstream quotation of the propylene oxide market in Shandong on the 17th was around 10,500-10,600 RMB/ton.
Upstream propylene, according to the data monitoring of SunSirs, on June 17, the reference price of propylene was 7,958.25 RMB/ton, a decrease of 1.51% compared with the price on June 1 (8,080.60 RMB/ton).
Downstream propylene glycol, according to the monitoring data of SunSirs, on June 17, the reference price of propylene glycol was 14,133.33 RMB/ton, an increase of 4.43% compared with the price on June 1 (13,533.33 RMB/ton).
Market outlook
The propylene oxide analyst of SunSirs believes that the current cost support is acceptable, and the supply and demand support is weak. It is expected that in the short term, the propylene oxide market may run under pressure.
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- 2024-04-18 SunSirs: The Market Situation of Propylene Oxide Had Slightly Declined (April 10-17)
- 2024-04-09 SunSirs: Downstream Followed Up on a Basis of Wait-and-see, and Propylene Oxide Market Was Consolidating
- 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
