Price trend:

Last week, the domestic propylene oxide market experienced a downward trend in prices. According to the monitoring system of SunSirs, as of December 19th, the benchmark price of propylene oxide was 7,850 RMB/ton, a 1.29% increase compared to December 1st.

Factors affecting price:

Raw materials: Last week, the price of propylene, a key raw material, fell slightly, resulting in insufficient cost support and a decline in the market price of propylene oxide. According to the market analysis system of SunSirs, as of December 19th, the benchmark price of propylene was 6,115.75 RMB/ton, a decrease of 1.05% compared to the beginning of the month (6,180.75 RMB/ton).

Supply side: Some major epoxy propane manufacturers have gradually increased production capacity, easing the tight supply situation. As of December 19, inventory was sufficient, but downstream purchasing was insufficient, leading to a downward trend in epoxy propane prices.

Demand side: Downstream demand was weak, with limited market transactions and mainly small, need-based purchases. The trading atmosphere for propylene oxide has weakened, and shipments were slow. It is expected that the propylene oxide market will likely remain stable to slightly weaker in the future.

Market Outlook

According to analysts at SunSirs, the decline in propylene prices, a key raw material, has weakened support for the epoxy propane market. Furthermore, downstream demand has softened, leading to sluggish sales of epoxy propane. Coupled with the gradual release of production capacity from some companies and ample inventory levels, it is expected that the propylene oxide market will operate in a stable to slightly weaker range in the short term. Further developments will depend on 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.