SunSirs: The Market Situation of Propylene Oxide Had Slightly Declined (April 10-17)
April 18 2024 13:34:42 SunSirs (John)
Price trend
Recently, the propylene oxide market had been stagnant and slightly weakened. According to the Commodity Market Analysis System of SunSirs, as of April 17th, the average price of propylene oxide in the domestic market was referenced at 9,137.50 RMB/ton, a decrease of 0.68% compared to last Wednesday (April 10th).
Price influencing factors:
Cost side: According to the commodity market analysis system of SunSirs, the reference price for propylene on April 16th was 6,906.60 RMB/ton, an increase of 0.85% compared to April 1st (6,848.60 RMB/ton). Recently, the price of propylene raw materials had risen, while the price of liquid chlorine raw materials hads first fallen and then increased. The cost of propylene oxide provided strong support for the market, supporting market sentiment.
Supply and demand side: Last Wednesday, the supply side was mainly stable, with controllable inventory pressure. Downstream observers followed suit with reduced volume, resulting in a market stalemate and a general weekend shipment by enterprises. This week, factory inventory had been slightly under pressure, downstream was waiting and watching, procurement follow-up was insufficient, market atmosphere was weak, and the market was falling. After the decline, downstream follow-up had improved, and the market atmosphere was still good. The price of propylene oxide remained stable and watchful.
Market outlook
The propylene oxide analyst from SunSirs believes that the cost support was strong, and downstream polyether new orders were commonly following suit. The transaction was mainly in demand. It is expected that the propylene oxide market will stabilize and rise slightly in the short term, and more attention still needs to be paid to changes in raw material prices.
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- 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)
- 2024-03-13 SunSirs: The Propylene Oxide Market Was Operating in a Stalemate, with a Weak Atmosphere
