The domestic propylene oxide market has seen a slight increase. According to the monitoring system of SunSirs, as of July 23, the benchmark price of SunSirs propylene oxide was 7356.67 RMB/ton, an increase of 0.41% compared to July 1.

Price influencing factors:

Raw material side: The market prices of raw materials propylene and liquid chlorine are running steadily, with a moderate impact on the price of epoxy propane. According to the market analysis system of SunSirs, as of July 23, the benchmark price of propylene in SunSirs was 6530.75 RMB/ton, a decrease of 2.83% compared to the beginning of this month (6720.75 RMB/ton).

Supply side: The Jinling plant resumed operation at the end of this month, but there are still plans to reduce load. The Sanyue and Huatai plants have experienced short-term parking fluctuations, and the circulation of goods in the northern region has been reduced. The phenomenon of reduced supply has led to a slight increase in the price of epichlorohydrin.

On the demand side, the downstream trading atmosphere of propylene oxide has improved compared to before, and the purchasing enthusiasm of industry players has also been appropriately boosted. Overall, there is some support for the demand in the propylene oxide market, and the market may continue to operate steadily with an upward trend in the later stage.

Market forecast:

An propylene oxide analyst from SunSirs believes that the supply of propylene oxide in the market has decreased, the support of raw material prices is limited, and the trading atmosphere in downstream markets is still acceptable. It is expected that the propylene oxide market will operate steadily with a moderate to strong trend in the later stage, and more attention should be paid to changes in raw material prices and downstream supply and demand.

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