SunSirs: Propylene Oxide Market Was in a Stalemate (January 3-6)
January 11 2023 10:43:39 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of January 6, the average price of epoxy propane of the enterprise was 9,150.00 RMB/ton, which was the same as that on Tuesday (January 3).
Analysis review
This week, the epoxy propane market was in a stalemate. Recently, the price of raw propylene was mainly stable with small changes, the impact on the cost side was limited. The operating rate of the supply side had decreased slightly. However, the enthusiasm of downstream stock preparation was general, and they were cautious to wait and buy. The factory shipments turned weak, and the inventory was slowly under pressure. Under the supply and demand game, the market consolidated and shipped. On the 6th, the mainstream quotation of propylene oxide market in Shandong was around 8,950-9,100 RMB/ton.
Upstream propylene, according to the data monitoring of SunSirs, the domestic propylene (Shandong) market was mainly stable and slight fluctuations this week, maintaining overall stability. The average price of propylene in Shandong market was 7,244 RMB/ton at the beginning of the week, and 7,250 RMB/ton at the weekend, with a weekly increase of 0.08%.
Market outlook
The propylene oxide analysts of SunSirs believed that the cost support was average, the supply side was mainly stable, and the downstream procurement was reduced to wait and see. The market atmosphere was flat. It is expected that the propylene oxide market will operate under pressure in the short term, 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
- 2024-04-18 SunSirs: The Market Situation of Propylene Oxide Had Slightly Declined (April 10-17)
- 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
