SunSirs: Propylene Oxide Market Was Consolidated to Be Weaker (June 15-20)
June 21 2023 14:35:05 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of June 20th, the average price of propylene oxide enterprises was 9,637.50 RMB/ton, a decrease of 1.28% compared to last Thursday (June 15th).
Analysis review
Recently, the propylene oxide market was operating to be weaker. As the holiday approached, downstream purchases were moderately followed up, and the market atmosphere had rebounded. Recently, the price of raw material propylene had slightly increased, with average cost support. Last Friday, the supply end devices were mainly stable, and downstream procurement mentality was cautious. The market atmosphere was light, and the market was weaker. On Monday, downstream restocking was just in needed before the holiday, and factory shipments rebounded, easing inventory pressure. Enterprise quotations were mixed. On the 20th, the mainstream quotation for propylene oxide in the Shandong region was around 9,300 to 9,400 RMB/ton.
Upstream propylene, according to the Commodity Market Analysis System of SunSirs, on June 19, the reference price for propylene was 6,243.25 RMB/ton, a decrease of 3.37% compared to June 1 (6,460.75 RMB/ton).
Market outlook
The propylene oxide analyst at SunSirs believes that the cost impact was not significant. Downstream stocking based on demand before the holiday, and the market atmosphere was still fair. It is expected that the propylene oxide market may be stable and adjusted i in a narrow range 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.
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- 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)
