SunSirs: The Market Situation of Propylene Oxide Was Mainly Stable (September 18-22)
September 25 2023 10:29:40 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of September 22, the average price of propylene oxide from propylene oxide enterprises was 9,587.50 RMB/ton, which was unchanged compared to Monday's price.
Analysis review
The propylene oxide market was mainly stable this week. At the beginning of the week, the price of raw material liquid chlorine went down, and the raw material propylene operated weakly and steadily, with slightly weaker cost support. The supply side was mainly stable, and factory shipments were average. Downstream, after centralized procurement, the main focus was on watching and reducing production. As the price of raw material liquid chlorine rebounded, cost support increased, and there was a strong wait-and-see atmosphere on the demand side. On the 22nd, the mainstream quotation for propylene oxide in the Shandong region was around 9,500-9,600 RMB/ton.
Upstream Propylene: According to the Commodity Market Analysis System of SunSirs, the reference price for propylene on September 21 was 7,308.25 RMB/ton, an increase of 2.74% compared to September 1 (7,113.25 RMB/ton).
Market outlook
According to propylene oxide analysts from SunSirs, as of September 22nd, cost support was still acceptable, and supply side devices were temporarily operating stably. Downstream cautious wait-and-see mentality still existed, and it is expected that the propylene oxide market may undergo consolidation in the short term, and more attention needs to be paid to market news guidance.
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- 2024-05-15 SunSirs: The Propylene Oxide Market Was Mainly Stable (May 6-11)
- 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
