SunSirs: The Propylene Oxide Market Was Stable with Narrow Fluctuations (December 13-19)
December 21 2023 14:29:15 SunSirs (John)
Price trend
Recently, the market for propylene oxide had remained stable, with some companies experiencing narrow price fluctuations. According to the Commodity Market Analysis System of SunSirs, as of December 19th, the average price of propylene oxide for enterprises was 9,287.50 RMB/ton, a 0.13% decrease compared to last Wednesday (December 13th).
Analysis review
Cost side: According to the commodity market analysis system of Sunsirs, the domestic propylene (Shandong) market had recently experienced a slight decline. On December 19th, the reference price for propylene was 6,883.25, a decrease of 3.13% compared to December 1st (7,105.75). Recently, the upstream liquid chlorine price had slightly increased, and the cost sides provided general support for the propylene oxide market.
Supply and demand side: Last Wednesday, the supply was stable and factory shipments were flat, with limited downstream follow-up. As prices remained low, downstream watchful increments followed, factory shipments rebounded, and inventory pressure gradually eased. At the beginning of this week, Qixiang stopped selling 70%, supporting the market's price boosting mentality. Downstream watchful follow-up was moderate. On December 19th, the mainstream quotation in the East China propylene oxide market was 9,200-9,300 RMB/ton.
Market outlook
SunSirs' propylene oxide analyst believes that as of the 20th, the cost support for propylene oxide was average, factory shipments were still acceptable, and the market was in a strong wait-and-see atmosphere. It is expected that in the short term, the propylene oxide market may remain in a consolidation operation, 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.
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- 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)
