SunSirs: The Market Price of Propylene Oxide Slightly Decreased in December (December 1-28)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of December 28th, the average price of propylene oxide for enterprises was 9,225.00 RMB/ton, a decrease of 0.81% compared to the price on December 1st..

Analysis review

The propylene oxide market slightly declined in December. In early December, the propylene raw material market saw a slight decline, with slightly weak cost support and stable supply side. Factory shipments were average, while some demand side saw a decrease in production. Factory inventory accumulated slightly, and the market was in a strong wait-and-see atmosphere. The market remained stable and under pressure. In the middle of the month, the cost support was average, factory shipments were flat, downstream follow-up was limited, some inventory was under pressure, and the market was weak. With low prices, downstream watchful increments followed, and factory shipments rebounded. In late December, the raw material propylene market was on the rise, providing support for the propylene oxide market. Factory shipments were still acceptable, inventory pressure was controllable, and some companies had raised their prices. Downstream new orders were average, and the market was mainly wait-and-see. As the end of the month approached, the market atmosphere weakened and the market remained stable.

According to the commodity market analysis system of SunSirs, the reference price for propylene on December 27th was 6,965.75 RMB/ton, a decrease of 1.97% compared to December 1st (7,105.75 RMB/ton).

Market outlook

SunSirs' propylene oxide analyst believes that the cost support was insufficient, and some factories on the supply side had slightly accumulated inventory. Downstream follow-up was average, and it is expected that the propylene oxide market may show weak operation in the short term. More attention should be paid to market news guidance.

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