SunSirs: The Domestic Propylene Oxide Market Price Slightly Declined (June 30-July 4)

Price trend

Last week, the domestic propylene oxide market price had slightly declined. According to the monitoring system of SunSirs, as of July 4th, the benchmark price of SunSirs' propylene oxide was 7,126.67 RMB/ton, a decrease of 4.68% compared to June 30th.

Price influencing factors:

Raw material side: The market price of raw material propylene fluctuated slightly, and the impact on the cost side was not significant. According to the market analysis system of SunSirs, as of July 3rd, the benchmark price of propylene in SunSirs was 6,743.25 RMB/ton, an increase of 0.33% compared to the beginning of this month (6,720.75 RMB/ton).

Supply side: In early July, some enterprise installations were put into operation, and the market supply was slightly loose. The trading focus of the propylene oxide market continued to decline.

On the demand side: downstream demand for propylene oxide replenishment was urgent, and the market trading atmosphere was relatively quiet. Affected by tariff policies, downstream terminal markets had limited procurement of raw materials. Overall, the demand was facing limited support from the propylene oxide market, and the market may mainly operate weakly and steadily in the later stage.

Market outlook

SunSirs’ propylene oxide analyst believes that the supply side of propylene oxide was relatively loose, downstream demand was weak, and there was a need for replenishment, cautious procurement, and a relatively quiet market trading atmosphere. It is expected that the propylene oxide market will mainly operate weakly and steadily in the later stage, and more attention should be paid to changes in raw material prices and downstream supply and demand.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.