SunSirs: The Market Situation of Propylene Oxide Was Stable (January 15-19)
January 23 2024 14:34:11 SunSirs (John)
Price trend
The propylene oxide market remained stable this week. According to the Commodity Market Analysis System of SunSirs, as of January 19th, the average price of propylene oxide for enterprises was ,9137.50 RMB/ton, which was unchanged from Monday's price.
Analysis review
Cost side: According to the commodity market analysis system of SunSirs, the reference price for propylene on January 18th was 6,825.75 RMB/ton, a decrease of 0.62% compared to January 1st (6,868.25 RMB/ton). This week (1.15-1.19), the domestic propylene (Shandong) market prices had risen, with increased cost support.
Supply and demand side: At the beginning of the week, the supply was stable, and downstream inquiries and purchases were still active. The actual market transactions were average, and some factories slightly accumulated inventory in the middle of the week, but inventory pressure was controllable. Downstream observation and follow-up were the main focus. On January 19th, the mainstream quotation in the Shandong propylene oxide market was 9,050-9,150 RMB/ton.
Market outlook
The propylene oxide analyst from SunSirs believes that the cost and supply support still existed, and downstream follow-up was still possible. It is expected that the propylene oxide market may be stable and stronger in the short term, and more attention needs to 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)
