SunSirs: The Propylene Oxide Market Was Mainly Stable (November 20-26)
November 28 2023 14:55:56 SunSirs (John)
Price trend
The recent market trend of propylene oxide was mainly stable. According to the Commodity Market Analysis System of SunSirs, as of November 26th, the average price of propylene oxide for enterprises was 9,300.00 RMB/ton, which was unchanged from last Monday (November 20th).
Analysis review
Cost side: According to the commodity market analysis system of SunSirs, the domestic propylene (Shandong) market had slightly increased recently (11.20-11.24). The average price in the Shandong market at the beginning of the week was 7,045 RMB/ton, and the average price over the weekend was 7,074 RMB/ton, with a weekly increase of 0.43%. Cost support from the propylene oxide market had increased.
Supply and demand side: At the beginning of last week, the supply side operated without pressure, with smooth factory shipments and downstream follow-up purchases. The market atmosphere was strong, but factory shipments weakened in the middle of the week, and the market trading atmosphere slowed down. On the 24th, the mainstream quotation for Shandong propylene oxide market was 9,150 RMB/ton, with average downstream demand and a strong wait-and-see atmosphere in the market.
Market outlook
SunSirs' propylene oxide analyst believes that there was some support on the cost side, factory shipments were still acceptable, and the demand side was watching and following. It is expected that the propylene oxide market will be stable and wait-and-see in the short term, and more attention should be paid to market news guidance.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-26 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)
