SunSirs: The Price of Propylene Oxide Was Mainly Stable (August 21-25)
August 28 2023 09:18:36 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of August 25th, the average enterprises’ price of propylene oxide was 9,425.00 RMB/ton, which was unchanged compared to Monday's price and increased by 5.50% compared to the same period last year.
Analysis review
The propylene oxide market was operating smoothly this week. Recently, the price of raw material propylene was weak, cost support was weakened, partial equipments were on maintenance, and industry capacity utilization decreased. The enthusiasm for downstream inquiries and procurement was average, and follow-up was limited. The focus of market negotiations was mainly on stability. On the 25th, the mainstream quotation for propylene oxide in the Shandong region was around 9,150-9,300 RMB/ton.
Upstream Propylene: According to the Commodity Market Analysis System of SunSirs, on August 24th, the propylene market in Shandong fell weakly, with the mainstream market quotation dropping to 6,600-6,650 RMB/ton.
Market outlook
According to propylene oxide analysts from SunSirs, as of August 25th, some factories' shipments were under pressure, and downstream was wait-and-see and followed up with a small amount. It is expected that the propylene oxide market may show weaker performance 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.
- 2024-05-06 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
