SunSirs: The Propylene Oxide Market Was Stable and Declining (August 14-17)
August 18 2023 14:01:24 SunSirs (John)
Price trend
This week (8.14-8.17), the propylene oxide market was stable and declining. According to the Commodity Market Analysis System of SunSirs, as of August 17th, the average price of propylene oxide enterprises was 9,425.00 RMB/ton, a decrease of 1.31% compared to Monday's price. On August 17th, the mainstream quotation in the Shandong propylene oxide market was around 9,100-9,200 RMB/ton.
Analysis review
Cost side: Recently, the price of raw material propylene fluctuated slightly. According to the Commodity Market Analysis System of SunSirs, the reference price of propylene on August 16 was 6,800.75 RMB/ton, an increase of 1.3% compared to August 1 (6,713.25 RMB/ton). The raw material liquid chlorine was operating at a high level, and the cost had some support for the propylene oxide market.
Supply and demand side: Recently, some supply side devices were repaired, and factory shipments were average. Downstream follow-up had decreased, and some inventory had been slightly under pressure. High end negotiations in the market were weak, and some companies had lowered their prices.
Market outlook
According to propylene oxide analysts from SunSirs, as of August 17th, cost support still existed, and downstream followed up in an appropriate amount on demand. There was a strong wait-and-see attitude, and it is expected that the propylene oxide market may weaken and stabilize in the short term. More attention should be paid to market news guidance.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-05-06 SunSirs: The Price of Propylene Oxide Fluctuated and Sorted out in April
- 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
