Price trend

Last week, the domestic propylene oxide market remained largely stable. According to data from the SunSirs monitoring system, as of October 31, the benchmark price of propylene oxide on SunSirs was 7,700 RMB/ton, a decrease of 0.86% compared to October 1.

Price Influencing Factors:

Raw Material Side: The propylene market was trending downwards, weakening its support for the propylene oxide market. As of October 31, the benchmark price of propylene from SunSirs was 6,095.75 RMB/ton, a decrease of 6.84% compared to the beginning of the month (6,543.25 RMB/ton).

Supply side: The LihuaYi plant resumed feeding, and spot market circulation is expected to increase. Market supply was stable. Propylene oxide was temporarily in a consolidation phase.

On the demand side: Downstream polyether manufacturers were mostly maintaining just-in-time purchasing, with a strong wait-and-see attitude. Demand-side support for the propylene oxide market was limited.

Market outlook

According to analysts at SunSirs, the decline in the propylene markets provided weak support for propylene oxide. Downstream demand was sluggish, with purchases mainly driven by immediate needs and a strong wait-and-see attitude prevailing. Furthermore, the restart of the Lihua Yi plant increased market supply. It is expected that the propylene oxide market will mainly consolidate in the near future, with greater attention needed to be paid to changes in 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.