Price trend

This week, the domestic propylene oxide market has been operating weakly and steadily. According to the monitoring system of SunSirs, as of July 11th, the benchmark price of SunSirs's propylene oxide is 7,250 RMB/ton, a decrease of 1.05% compared to July 1st.

Price influencing factors:

Raw material side: The market price of raw material propylene is temporarily stable. According to the market analysis system of SunSirs, as of July 10th, the benchmark price of propylene in SunSirs was 6,575.75 RMB/ton, a decrease of 2.16% compared to the beginning of this month (6,720.75 RMB/ton).

Supply side: Zhonghai Fine Plan restarts, with a slight increase in supply. Manufacturers generally have no inventory pressure, and market supply is slightly loose, supporting price stabilization.

On the demand side: downstream of propylene oxide replenishment is in urgent need, and the market trading atmosphere is relatively quiet. Affected by tariff policies, downstream terminal markets have limited procurement of raw materials. Overall, the demand is facing limited support from the propylene oxide market, and the market may continue to operate steadily in the later stage.

Future outlook:

SunSirs' propylene oxide analyst believes that the supply side of propylene oxide is relatively loose, downstream demand is weak, and their replenishment is on demand,  procurement is cautious, and the market trading atmospherere is relatively quiet. It is expected that the propylene oxide market will continue to operate steadily in the later stage, and more attention should be paid to changes in raw material prices and downstream supply and demand.