SunSirs: The Propylene Oxide Market was Running Smoothly This Week (July 7-11)

Price trend

Last week, the price of epichlorohydrin has risen to a high level, and the tight supply situation has not been significantly alleviated. At present, there is a strong wait-and-see sentiment in the downstream market, and the epichlorohydrin market has been running steadily this week. According to the monitoring and analysis system of SunSirs, as of July 11th, the benchmark price of SunSirs' epichlorohydrin is 10,300 RMB/ton, an increase of 5.1% compared to July 1st.

Price influencing factors:

Raw material side: The raw material propylene market is operating steadily, while the glycerol market continues to rise due to external market prices and tight supply. According to the market analysis system of SunSirs, as of July 10th, the benchmark price of propylene in SunSirs was 6,575.75 RMB/ton, a decrease of 2.16% compared to the beginning of this month (6,720.75 RMB/ton).

Supply side: This week, the spot market for propylene oxide is slightly tight, and some companies have insufficient production. It is understood that Jiangxi Plastic Star is parked during the week, and the restart time will be notified separately; Some devices are still parked for a long time. At present, the domestic industry's capacity utilization rate is around 50%. It is difficult to find low-priced goods in the market, but the trading atmosphere is still acceptable. It is expected that the price of epichlorohydrin will remain stable in the short term.

On the demand side: Due to high cost pressure, some companies in the downstream epoxy resin market have seen price increases, but the enthusiasm for terminal inquiries is average, and the market performance is cautious and wait-and-see. Most is small orders for essential need, and the fluctuation of the trading center is limited.

Market outlook

Analysts from SunSirs believe that the high cost side glycerol prices support the tight spot supply in the market, and low-priced sources are difficult to find. The trading atmosphere is still acceptable. It is expected that the market price of epichlorohydrin will remain stable in the short term, and more attention still needs to be paid to changes in raw material prices and market supply and demand.

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