SunSirs: The Propylene Oxide Market Fluctuated and Rose Slightly (July 17-21)
July 24 2023 10:28:26 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of July 21, the average price of propylene oxide enterprises was 9,625.00 RMB/ton, an increase of 0.26% compared to Monday's price.
Analysis review
This week, the propylene oxide market fluctuated slightly and rose slightly. Recently, the price of raw material propylene had narrowed down, and the price of raw material liquid chlorine had increased. There was some support from the cost sides, and the supply side capacity utilization rate had slightly decreased. At the beginning of the week, shipments in the north were good, and factories were mostly without pressure to increase prices. Downstream, they kept watching and following up on purchases. With the maintenance of some downstream devices, the demand side had decreased, and the market showed weak operation. On the 21st, the mainstream quotation for propylene oxide in Shandong region was around 9,150-9,300 RMB/ton.
Upstream propylene, according to the Commodity Market Analysis System of SunSirs, the reference price for propylene on July 20th was 6,470.75 RMB/ton, a decrease of 0.73% compared to July 1st (6,518.25 RMB/ton).
Market outlook
According to propylene oxide analysts from SunSirs, as of July 21, the demand side was watching and following up, and inventory was under pressure. It is expected that the propylene oxide market may be weakly sorted out 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)
