SunSirs: Downstream Followed Up on a Basis of Wait-and-see, and Propylene Oxide Market Was Consolidating

Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 7th, the average price of propylene oxide in the domestic market was based on 9,225.00 RMB/ton, which was basically the same as the price at the beginning of the month.

Analysis review

Since April, the propylene oxide market had been operating steadily. Recently, some supply side devices had fluctuated and the industry's capacity utilization rate had slightly improved. At the beginning of the month, the cost support was relatively strong, and downstream procurement attitudes were cautious, with a focus on observing and following up appropriately. The market trading atmosphere before the holiday was still good. After the holiday, there was some support from the cost side, and downstream observers were generally following suit, resulting in a stalemate in the market atmosphere.

Cost side: According to the commodity market analysis system of SunSirs, the reference price for propylene on April 5th was 6,840.60 RMB/ton, a decrease of 0.12% compared to April 1st (6,848.60 RMB/ton). Recently, the price of propylene raw material had been narrow and weak, while the price of liquid chlorine raw material had slightly increased.

Market outlook

The propylene oxide analyst from SunSirs believes that the market had a strong wait-and-see mentality, and short-term cost support still existed. The supply side of the north-south market was slightly divided, and the spot supply in the southern market was tight. The inventory pressure in the northern market was temporarily controllable, and downstream procurement was more cautious in following up. It is expected that in the short term, the propylene oxide market may remain stagnant \, and more needs to wait for market news guidance.

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