SunSirs: The Propylene Oxide Market Was Operating Weakly (May 23-26)
May 30 2023 10:04:47 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of May 26th, the average price of propylene oxide in enterprises was 9,825.00 RMB/ton, a decrease of 1.01% compared to Tuesday's price.
Analysis review
The propylene oxide market fell this week. Recently, the price of raw material propylene had dropped, the low level of raw material liquid chlorine had fluctuated, the cost side support was weakened. The supply side capacity utilization rate had slightly rebounded, and the demand side was reduced to follow up. The propylene oxide market had weakened, and the market was cautious and wait-and-see atmosphere was strong. On the 26th, the mainstream quotation in the Shandong propylene oxide market was around 9,350-9,500 RMB/ton.
Upstream propylene, according to the commodity market analysis system of SunSirs, the recent price of propylene in Shandong fell. On May 25, the reference price of propylene was 6,450.75 RMB/ton, down 8.53% compared with May 1 (7,052.60 RMB/ton).
Market outlook
According to propylene oxide analysts from SunSirs, as of the 26th, the raw material propylene was operating in a weak state, with weak cost support. The supply side devices were steadily increasing, while the demand side was watching to follow up, and the market mentality was still cautious. It is expected that the propylene oxide market may consolidate in a weak state in the short term, and more attention needs to be paid to market news guidance.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-26 SunSirs: The Propylene Oxide Market Was Experiencing Narrow Fluctuations, with Downstream Following Suit on a Wait-and-watch Basis
- 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)
