Price trend

After the holiday, the domestic propylene oxide market rebounded after a surge. According to the SunSirs monitoring system, as of October 16, the SunSirs benchmark price for propylene oxide was 8,066.67 RMB/ton, up 3.86% from October 1.

Factors affecting price:

Raw material prices: The market price of raw material propylene saw a slight increase, providing support for the propylene oxide market. As of October 16, the benchmark price of propylene on SunSirs was 6,400.75 RMB/ton, down 2.18% from 6,543.25 RMB/ton at the beginning of the month. The rise in raw material propylene prices provided some support to the propylene oxide market.

Supply: Propylene oxide supply tightened after the holiday. Several companies announced plans to suspend or reduce production, reducing market supply. However, downstream demand was weak, with companies adopting a wait-and-see approach and cautious purchasing practices. Propylene oxide supply is expected to remain stable in the coming period.

Demand: Post-holiday, downstream polyether manufacturers were mostly maintaining rigid purchases, with a strong wait-and-see attitude. Load adjustments on the polyether side were limited, while propylene glycol manufacturers were increasing their loads. Overall demand was flat, providing limited support for the propylene oxide market.

Market outlook

SunSirs’ propylene oxide analysts believe that the domestic propylene oxide market faced relatively limited support. A slight rebound in the propylene market, along with the raw material supply, provided adequate support. However, downstream demand was weak, and a wait-and-see attitude prevailed. The propylene oxide market is expected to remain stable in the future, with more attention focused on raw material prices and market supply and demand.

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