SunSirs: The Market Situation of Propylene Oxide Fad Slightly Increased (December 21-25)
December 28 2023 10:01:17 SunSirs (John)
Price trend
Recently, the market for propylene oxide had seen a slight increase. According to the Commodity Market Analysis System of SunSirs, as of December 25th, the average price of propylene oxide from enterprises was 9,225.00 RMB/ton, an increase of 0.14% compared to last Thursday (December 21st).
Analysis review
Cost side: According to the commodity market analysis system of SunSirs, the domestic propylene (Shandong) market had experienced a decline and then an increase in recent times (12.18-12.22). The average price in the Shandong market at the beginning of the week was 6,895 RMB/ton, and the average price over the weekend was 6,926 RMB/ton, with a weekly increase of 0.47%. The propylene market rose on Monday, and costs support for the propylene oxide market increased.
Supply and demand side: Last week approaching the weekend, the supply side was mainly stable, factory shipments were still acceptable, inventory pressure was controllable, downstream remained wait-and-see and followed, and the market was running steadily. This Monday, the supply side was mostly operating without pressure, while downstream new orders were average, and the market was mainly wait-and-see. On December 25th, the mainstream quotation in the Shandong propylene oxide market was 9,150-9,200 RMB/ton.
Market outlook
The propylene oxide analyst from SunSirs believes that the cost and supply side support was still acceptable, and downstream observers should follow up appropriately. It is expected that in the short term, the propylene oxide market may be stable and stronger, 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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- 2024-04-18 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)
