SunSirs: Propylene Oxide Market Slightly Increased (September 4-8)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 8th, the average enterprises’ price of propylene oxide was 9,530.00 RMB/ton, an increase of 1.11% compared to Monday's price.

Analysis review

This week, the propylene oxide market rose first and then stabilized. At the beginning of the week, the price of raw material propylene was at a high level, with strong cost support. Some devices were on maintenance and supply decreased, and downstream was wait-and-see and followed up just in needed. Most of the factories had no inventory pressure and supported prices. As the prices of raw material propylene and liquid chlorine decreased, cost support weakened, and factory shipments slightly weakened. The market wait-and-see atmosphere was strong, and the market remained stagnant and stable.

Upstream Propylene: According to the Commodity Market Analysis System of SunSirs, the reference price for propylene on September 7th was 7,188.25 RMB/ton, an increase of 1.05% compared to September 1st (7,113.25 RMB/ton).

Market outlook

According to propylene oxide analysts from SunSirs, as of September 8th, the pressure on the supply side of propylene oxide was temporarily controllable, and the demand side followed up on a wait-and-see basis. It is expected that the short-term propylene oxide market may remain stable and operate on a wait-and-see basis, and more attention needs to be paid to market news guidance.

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