SunSirs: The Propylene Oxide Market Fluctuated Narrowly (June 20-27)
June 28 2023 14:07:12 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of June 27th, the average price of propylene oxide enterprises was 9,600.00 RMB/ton, a decrease of 0.39% compared to last Tuesday (June 20th).
Analysis review
Recently, the propylene oxide market experienced a rise and then a decline, with a narrow range of fluctuations. The cost support before the holiday was average, and the supply side devices were mainly stable. Downstream replenished on demand before the holiday, and the market was stable and stronger. After the holiday, the price of raw material propylene increased and cost support increased. Some inventory was under pressure, and downstream was wait-and-see and reduced follows. As the price of propylene oxide decreased, factory shipments had rebounded. On the 27th, the mainstream quotation in the Shandong propylene oxide market was around 9,150-9,300 RMB/ton.
Upstream propylene, according to the Commodity Market Analysis System of SunSirs, on June 26th, the reference price for propylene was 6,475.75 RMB/ton, an increase of 0.23% compared to June 1st (6,460.75 RMB/ton).
Market outlook
SunSirs’ propylene oxide analysts believe that as of the 27th, cost support was still acceptable, supply side pressure was temporarily controllable, demand side follow up, just needs to and there was a strong wait-and-see atmosphere. It is expected that the propylene oxide market may become stagnant 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)
