SunSirs: The Domestic Propylene Oxide Market Saw a Rise in Trading Center Last Week (November 10-14)

Price trend

Last week, the domestic propylene oxide market saw a rise in transaction volume. According to data from the SunSirs monitoring system, as of November 14, the benchmark price of propylene oxide on SunSirs was 8,133.33 RMB/ton, an increase of 5.63% compared to November 1.

Price Influencing Factors:

Raw Materials: Propylene prices was relatively stronger last week. Cost support persisted, leading to an upward shift in the price of propylene oxide. According to data from the SunSirs' market analysis system, as of November 14th, the benchmark price for propylene was 5,960.75 RMB/ton, a decrease of 1.61% compared to the beginning of the month (6,058.25 RMB/ton).

Supply side: Fluctuations in the supply side contributed to a temporary tight supply of propylene oxide. Recently, Wanhua and Xinyue propylene oxide producers reduced their operating rates, and Wanhua was sourcing propylene oxide externally, further exacerbating the tight market supply. This tight supply situation had led to a rise in propylene oxide prices.

On the demand side: Downstream demand for propylene oxide was moderate, with high purchasing activity and smooth shipments. The propylene oxide market is expected to remain stable with a slight upward bias in the near future.

Market outlook

According to analysts at SunSirs, the propylene oxide market was temporarily supported by raw material propylene prices, and downstream demand was strong, resulting in smooth propylene oxide shipments. However, some propylene oxide producers were reducing their operating rates, leading to a tighter market supply. The propylene oxide market is expected to remain stable to slightly stronger in the short term, with greater attention needed to be paid to raw material prices and changes in market supply and demand.

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