SunSirs: The Propylene Oxide Market Was Mainly Stable (July 3-7)
July 10 2023 09:25:38 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of July 7th, the average price of propylene oxide enterprises was 9,600.00 RMB/ton, which was unchanged compared to Monday's price.
Analysis review
The trading atmosphere in the propylene oxide market this week was still fair, and the company's quotation was mainly stable. Recently, the price of raw material propylene increased firstly and then decreased, with some support from the cost side. There were individual fluctuations in supply side devices, and factory shipments were still acceptable. Downstream was wait-and-see and moderately followed up to purchased. On the 7th, the mainstream quotation in the Shandong propylene oxide market was around 9,300-9,450 RMB/ton.
Upstream propylene, according to the Commodity Market Analysis System of SunSirs, on July 6th, the reference price for propylene was 6,645.75 RMB/ton, an increase of 1.96% compared to July 1st (6,518.25 RMB/ton).
Market outlook
According to propylene oxide analysts from SunSirs, as of July 7th, cost support still existed, supply side inventory pressure was not significant, and demand side follow-up was average. It is expected that the propylene oxide market may be stable and wait-and-see 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)
