SunSirs: The Market Price of Propylene Oxide Rose Slightly (December 6-13)
December 15 2022 13:08:23 SunSirs (John)
Price trend
According to the monitoring data of the business community, as of December 13, the average price of propylene oxide enterprises was 9,162.50 RMB/ton, 1.38% higher than that of last Tuesday (December 6), and 0.27% higher than that of December 1.
Analysis review
Recently, the epoxy propane market rose slightly. From the perspective of cost: recently, the price of raw propylene market stopped falling and rose, and the cost support had turned from weak to strong. From the perspective of supply and demand: in the early stage, the supply side devices were mainly stable, the inventory was slightly accumulated, the downstream demand was flat, and the market was weak. At the end of last week, the supply side devices fluctuated for a short time, and the downstream part followed up. The factory shipments rebounded, the inventory pressure was reduced, and the price rose. On the 13th, the mainstream quotation of propylene oxide market in Shandong was around 8,650-8,800 RMB/ton.
On December 13, the upstream propylene market price in Shandong rose. On December 12, the reference propylene price was 7,430.60 RMB/ton, down 3.38% compared with that of December 1 (7,690.60 RMB/ton).
Market outlook
The propylene oxide analysts of the business community believed that the raw propylene was running strongly, the cost support was improved, the factory shipment was fair, and the demand side was waiting to follow up. It is expected that in the short term, the epoxy propane market will operate stably and stronger, and more attention should be paid to the market news guidance.
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- 2024-04-09 SunSirs: Downstream Followed Up on a Basis of Wait-and-see, and Propylene Oxide Market Was Consolidating
- 2024-04-01 SunSirs: The Market Price of Propylene Oxide Slightly Increased in March
- 2024-03-28 SunSirs: The Market Price of propylene oxide Was Stable, and the Atmosphere Was Stronger (March 20-25)
- 2024-03-13 SunSirs: The Propylene Oxide Market Was Operating in a Stalemate, with a Weak Atmosphere
