Price trend

The domestic propylene oxide market saw a volatile upward trend in September. According to the SunSirs monitoring system, as of September 30, the SunSirs benchmark price for propylene oxide was 7,766.67 RMB/ton, a 4.25% increase from September 1.

Factors affecting price:

On the raw material side: Propylene prices fluctuated in September, providing limited support for propylene oxide costs and not significantly pressuring them. According to the SunSirs market analysis system, as of September 30, the SunSirs benchmark propylene price was 6,598.25 RMB/ton, down 0.98% from 6,663.25 RMB/ton at the beginning of the month.

On the supply side: In the early part of the month, the market was boosted by news of the shutdown of Shandong Qixiang Tengda's release unit, and trading sentiment warmed. Later, the reduction of Shandong Binhua's Phase I unit and the temporary shutdown of Dongying Huatai's unit led to tight spot inventories at domestic propylene oxide manufacturers. The supply side provided stronger support for the market, and propylene oxide prices continued to rise.

On the demand side: In mid-September, downstream companies concentrated on replenishing their inventory due to urgent needs. Polyether factories saw a significant increase in new order volume, significantly increasing their purchasing enthusiasm for propylene oxide. Propylene oxide prices are expected to remain strong in the future.

Market outlook

SunSirs’ propylene oxide analyst believes that the propylene oxide market was in a tight supply, with limited support from raw material prices, while downstream market demand remained healthy. The propylene oxide market is expected to shift its focus upward in the future, with more attention being paid to changes in raw material prices and downstream supply and demand.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.