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SunSirs: Propylene Oxide Market Stagnated after a Slight Rise (September 20-26)

September 27 2022 09:46:18     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, as of September 26, the average price of propylene oxide in propylene oxide enterprises was 10,066.67 RMB/ton, an increase of 1.00% compared with the price of last Tuesday (September 20), an increase of 11.85% compared with the price on August 26, and a year-on-year decline of 7.65% in a three-month cycle.

Analysis review

Recently (9.20-9.26) the propylene oxide market rose slightly. The raw material propylene market was generally stable, and the cost side had certain support. On the 20th, the downstream was cautiously wait-and-see. As the downstream polyether orders rebounded, factory shipments improved, inventory pressure eased, and market quotations rose slightly. On the 26th, the market atmosphere was general, and the downstream just needed to follow up. The mainstream price of the propylene oxide in Shandong market was around 9,800-9,900 RMB/ton.

Upstream propylene, according to the data monitoring of SunSirs, on September 23, the reference price of propylene was 7,430.60 RMB/ton, an increase of 4.65% compared with September 1 (7,100.60 RMB/ton).

Downstream propylene glycol, according to the monitoring data of SunSirs, on September 23, the reference price of propylene glycol was 10,000.00 RMB/ton, an increase of 8.11% compared with September 1 (9,250.00 RMB/ton).

Market outlook

The propylene oxide analyst of SunSirs believes that the current raw material propylene is operating in a consolidated manner, the cost support is still there, the supply side inventory has accumulated slightly, the pressure is temporarily low, and the demand side is light. It is expected that in the short term, the propylene oxide market may be stalemate and weak, and more attention should be paid to market news guidance.

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

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