SunSirs: The Market of Propylene Oxide Rose (December13-16)
December 20 2022 11:00:52 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of December 16, the average price of epoxy propane for epoxy propane enterprises was 9,212.50 RMB/ton, 0.55% higher than the price on Tuesday (December 13), and 0.82% higher than the price on December 1.
Analysis review
The propylene oxide market rose slightly this week. The market price of raw propylene rose slightly this week, and the cost support was strengthened. On Tuesday, the factory shipped better, the inventory pressure eased, and the downstream kept following up moderately. The market operated at a constant price without pressure. On the 16th, the mainstream quotation of propylene oxide market in Shandong was around 8,900-9,000 RMB/ton.
For upstream propylene, the domestic propylene (Shandong) market rose this week. According to the data monitoring of SunSirs, the reference price of propylene on December 15 was 7,634.60 RMB/ton, up 1.44% compared with that of December 13 (7,524.60 RMB/ton).
Market outlook
The propylene oxide analysts of SunSirs believed that, as of the 16th, the cost support remained, the supply side was not under pressure, and the market price mentality was supported. The demand side was mainly wait-and-see. It is expected that in the short term, the epoxy propane market will operate stably and tend to be stronger, and more attention should be paid to the market news guidance.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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