SunSirs: The Market Price of Propylene Oxide Was Mainly Stable (February 1-5)
February 07 2024 09:43:52 SunSirs (John)
Price trend
The recent market trend of propylene oxide had been mainly stable. According to the Commodity Market Analysis System of SunSirs, as of February 5th, the average price of propylene oxide for enterprises was 9,237.50 RMB/ton, which remained unchanged compared to the beginning of the month and increased by 0.96% compared to the same period last year.
Analysis review
Cost side: According to the commodity market analysis system of SunSirs, the domestic propylene (Shandong) market prices haD recently stopped falling and risen, providing general support for the propylene oxide market.
Supply and demand side: At the beginning of the month, the supply side was mainly stable, and downstream demand followed up moderately. Factory shipments were still acceptable, and inventory pressure was controllable. As terminals gradually withdrew from the market, downstream new orders were average, and the pace of purchasing propylene oxide slowed down. The market was operating weakly. On February 5th, the mainstream quotation in the Shandong propylene oxide market was around 8,800 RMB/ton.
Market outlook
SunSirs' propylene oxide analyst believes that the price of raw material propylene was rising, and the cost support was still acceptable. Downstream follow-up was average, and it is expected that in the short term, the propylene oxide market may wait and see, 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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- 2024-04-09 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)
