SunSirs: The Domestic Propylene Oxide Market Saw a Rise in Transaction Volume Last Week (November 17-21)

Price trend:

The domestic propylene oxide market price rose last week. According to data from the SunSirs monitoring system, as of November 21, the benchmark price of propylene oxide on SunSirs was 8,466.67 RMB/ton, an increase of 9.96% compared to November 1.

Influencing factors

Raw material side: Propylene prices rose last week. Strong cost support led to an upward shift in the price of propylene oxide. According to data from the SunSirs' market analysis system, as of November 21st, the SunSirs' benchmark propylene price was 6,098.25 RMB/ton, an increase of 0.66% 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 have reduced their operating rates, and Wanhua is sourcing propylene oxide externally, further exacerbating the tight market supply. This tight supply situation has led to an increase in propylene oxide prices.

On the demand side: Downstream demand for propylene oxide wass 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 Forecast:

According to analysts at SunSirs, the propylene oxide market was supported by strong raw material prices and high downstream demand, resulting in smooth propylene oxide shipments. However, some propylene oxide producers weretemporarily operating at reduced capacity, 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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