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SunSirs: Propylene Oxide Market Fell (July 1-26)

July 27 2022 15:32:29     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, as of July 26, the average price of propylene oxide enterprises was 9326.67 RMB/ton, down 4.18% compared with the price on last Thursday (July 21), and compared with the price on June 26, it fell by 14.43%, and fell by 20.06% year-on-year in a three-month cycle.

Analysis review

Recently, the raw material propylene market fluctuated and declined, and the support from the cost side was general. Some installations were reduced, but many inventories were under pressure, downstream purchases were reduced, follow-up was cautious, and the market was running weakly. As prices fell, market shipments improved and inventory pressure eased. On the 26th, the mainstream quotation of propylene oxide in Shandong's propylene oxide market fell to around 7,900-8,000 RMB/ton.

Upstream propylene, according to the monitoring data of SunSirs, on July 25, the reference price of propylene was 7,314.60 RMB/ton, a decrease of 4.77% compared with July 1 (7,680.60 RMB/ton).

Downstream propylene glycol, according to the monitoring data of SunSirs, on July 25, the reference price of propylene glycol was 8,933.33 RMB/ton, a decrease of 24.72% compared with July 1 (11,866.67 RMB/ton).

Market outlook

The propylene oxide analyst of SunSirs believes that the current price of propylene oxide is low, the cost side is under pressure, some units on the supply side have reduced loads, the demand side has increased, and the market sentiment has rebounded. It is expected that the propylene oxide market may stop falling in the short term.

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

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