SunSirs: The Market Price of Propylene Oxide Declined (January 8-12)
January 17 2024 10:41:42 SunSirs (John)
Price trend
The propylene oxide market has fallen this week. According to the Commodity Market Analysis System of SunSirs, as of January 12th, the average price of propylene oxide from enterprises was 9,137.50 RMB/ton, a decrease of 1.08% compared to Monday's price.
Analysis review
Cost side: On January 12th, the propylene market in Shandong slightly increased, with mainstream prices in the Shandong market ranging from 6,650 to 6,730 RMB/ton, slightly enhancing support for the propylene oxide market.
Supply and demand side: At the beginning of the week, the supply side inventory was at a medium to low level, and factory shipments were still acceptable. Downstream demand was average, and the purchasing mentality was cautious. With downstream follow-up and reduction, the market was under pressure. On January 12th, the mainstream quotation for Shandong propylene oxide market was between 8,900-8,950 RMB/ton.
Market outlook
SunSirs' propylene oxide analyst believes that the cost support was still acceptable, factory shipments were average, and demand was mainly cautious and wait-and-see. It is expected that in the short term, the propylene oxide market may mainly stabilize, 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)
