SunSirs: The Propylene Oxide Market Operated to Be Weaker (May 10-16)
May 17 2023 15:00:11 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of May 16, the average price of propylene oxide enterprises was 9,925.00 RMB/ton, a decrease of 2.70% compared to last Wednesday (May 10).
Analysis review
The recent market situation for propylene oxide was weak. Recently, the price of raw material propylene was operating to be weaker, with insufficient cost support Last Wednesday, shipments from factories in production in the northern region weakened, while downstream companies were bearish and waiting. They chose to follow up on the purchase of raw materials at a low price, and the market showed weak performance. At the beginning of this week, the demand side remained mainly wait-and-see, with some shipments slightly rebounding. On the 16th, the mainstream quotation for propylene oxide in Shandong region was around 9,450-9,600 RMB/ton.
Upstream propylene, according to the commodity market analysis system of SunSirs, the recent price of propylene in Shandong fell. On May 15, the reference price of propylene was 6,870.60 RMB/ton, down 2.58% from May 1 (7,052.60 RMB/ton).
Market outlook
According to propylene oxide analysts from SunSirs, as of the 16th, the cost support was average, with some units in the north undergoing shutdown and maintenance, and downstream shipments had increased. It is expected that the propylene oxide market will be stagnant and consolidated in the short term, and more attention needs to be paid to 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
- 2024-03-01 SunSirs: The Market Price of Propylene Oxide Slightly Decreased in February
