SunSirs: Propylene Oxide Market Fell (June 18-21)
July 22 2022 11:24:35 SunSirs (John)Price trend
According to the monitoring data of SunSirs, as of July 21, the average price of propylene oxide enterprises was 9,733.33 RMB/ton, down 4.26% compared with the price on Monday, down 11.78% compared with the price on June 21, and down 16.57% in a three-month cycle.
Analysis review
The propylene oxide market fell this week. Recently, the raw material propylene market was organized, and the cost support was limited. At the beginning of the week, the supply-side devices were mainly stable, the enthusiasm for downstream purchases was not high, and the market was running weakly. With the price drop, factory shipments improved slightly but were still general, and individual devices decreased. The downstream purchasing mentality was still relatively cautious, and the market game was weakening. On the 21st, the mainstream quotation of the propylene oxide market in Shandong region fell to around 8,400-8,500 RMB/ton.
Upstream propylene, according to the monitoring data of SunSirs, on July 20, the reference price of propylene was 7,430.60 RMB/ton, a decrease of 3.25% compared with July 1 (7,680.60 RMB/ton).
Downstream propylene glycol, according to the monitoring data of SunSirs, on July 20, the reference price of propylene glycol was 9,433.33 RMB/ton, a decrease of 20.51% compared with July 1 (11,866.67 RMB/ton).
Market outlook
The propylene oxide analyst of SunSirs believes that the current cost-side support is general, the supply side is relatively abundant, the demand side is weak, and the market mentality is insufficient, more are cautious and wait and see, it is expected that in the short term, the propylene oxide market may run weakly.
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