SunSirs: The Propylene Oxide Market Slightly Declined (October 9-13)
October 17 2023 13:42:01 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of October 13th, the average price of propylene oxide of propylene oxide enterprises was 9,475.00 RMB/ton, a decrease of 0.13% compared to Monday's price.
Analysis review
This week, the propylene oxide market fluctuated and slightly declined. After the holiday, the raw material propylene market was operating to be weaker, cost support was weakened. The supply side was mainly stable, and some units fluctuated. Downstream new orders were traded commonly, and mainly consumed inventory of raw materials. The enthusiasm for purchasing propylene oxide was average, and some factories had accumulated inventory. The propylene oxide market negotiation was stable but weak.
Upstream Propylene: According to the Commodity Market Analysis System of SunSirs, the reference price for propylene on October 12th was 7,105.75 RMB/ton, a decrease of 2.27% compared to October 1st (7,270.75 RMB/ton), which lacked support for the propylene oxide market.
Market outlook
The propylene oxide analyst from SunSirs believes that the cost support was average, while the demand side was mainly reducing production to follow up. It is expected that the propylene oxide market may operate weakly and stably 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)
