Price trend

Last week, domestic propylene oxide market prices rose. According to the monitoring system of SunSirs, as of December 3rd, the benchmark price of propylene oxide was 7,950 RMB/ton, an increase of 2.58% compared to December 1st.

Factors affecting price:

Raw materials: Last week, the price of propylene, a raw material, increased slightly. According to SunSirs' market analysis system, as of December 3rd, the benchmark price of propylene was 6,168.25 RMB/ton, a decrease of 0.2% compared to the beginning of the month (6,180.75 RMB/ton). Cost support remained adequate, and the trading focus for propylene oxide was mainly on the upward trend.

Supply side: Fluctuations on the supply side affected the temporary tight supply situation of propylene oxide. Starting from November 20th, SinoChem Quanzhou's propylene oxide plant shut down for annual maintenance, expected to last 55-60 days. This prolonged maintenance further intensified the tight supply situation in the market. The tight supply situation led to an increase in propylene oxide prices.

Demand side: Downstream buyers were actively purchasing propylene oxide, resulting in a positive trading atmosphere for propylene oxide producers and smooth shipments. The propylene oxide market is expected to remain stable to slightly strong in the near future.

Market Forecast:

According to analysts at SunSirs, the propylene oxide market was supported by rising prices in the raw material propylene market, and downstream buyers were showing high purchasing enthusiasm, resulting in smooth shipments of propylene oxide. Coupled with tight market supply, it is expected that the propylene oxide market will operate steadily with a slight upward trend in the short term.  Further attention should 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.