SunSirs: Propylene Oxide Market Prices Fell (June 20-24)
June 27 2022 11:25:02 SunSirs (John)Price trend
According to the monitoring data of SunSirs, as of June 24, the average production price of propylene oxide was 10.900.00 RMB/ton, a decrease of 1.21% compared with the price on Monday and a decrease of 6.30% compared with the price on May 24, and the fell by 10.66% in a three-month cycle.
Analysis review
The propylene oxide market fell this week. Recently, the raw material propylene market weakened, and the cost support was limited. Some installations fluctuated, but supply was abundant. The demand side had not improved significantly, and the market sentiment was light. On the 24th, the mainstream quotation in the propylene oxide market in Shandong was around 10,000-10,200 RMB/ton.
Upstream propylene, according to the data monitoring of SunSirs, the domestic propylene (Shandong) market price continued to decline this week. The market price at the beginning of the week was 7,838 RMB/ton, and the weekend average price was 7,813 RMB/ton, a decrease of 1.57%.
Downstream propylene glycol, according to the monitoring data of SunSirs, on June 23, the reference price of propylene glycol was 13,366.67 RMB/ton, a decrease of 1.23% 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 weak, the supply and demand side is sufficient, the demand side is light, and the downstream purchasing mentality is cautious. It is expected that in the short term, the propylene oxide market may run weakly.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-04-26 SunSirs: The Propylene Oxide Market Was Experiencing Narrow Fluctuations, with Downstream Following Suit on a Wait-and-watch Basis
- 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)
