SunSirs: Propylene Oxide Market Rose Steadily (September 7-13)
September 15 2022 09:19:10 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of September 13, the average price of propylene oxide in propylene oxide enterprises was 10,200.00 RMB/ton, an increase of 2.86% compared with the price of last Wednesday (September 7), an increase of 14.82% compared with the price on August 13, and a decline of 9.47% in a three-month cycle.
Analysis review
Recently (9.7-9.13) the propylene oxide market was rising steadily. Recently, the market price of raw material propylene rose slightly, and the cost side had a certain support. Before the festival, the on-site installations were mainly stable, the supply was tight, the factory shipments were smooth, and the demand side followed up in general. Before the festival, there was no pressure on the market. Returning after the holiday, the market shipments were stable, and the wait-and-see attitude was mainstream. On the 13th, the mainstream quotation of the propylene oxide market in Shandong was around 10,400-10,500 RMB/ton.
Upstream propylene, according to the data monitoring of SunSirs, on September 13, the reference price of propylene was 7,350.60 RMB/ton, an increase of 3.52% compared with September 1 (7,100.60 RMB/ton).
Downstream propylene glycol, according to the monitoring data of SunSirs, on September 13, the reference price of propylene glycol was 9,900.00 RMB/ton, an increase of 7.03% compared with September 1 (9,250.00 RMB/ton).
Market outlook
The propylene oxide analyst of SunSirs believes that the current cost support is acceptable, the supply side is not under pressure for the time being, and the demand side is flat. It is expected that in the short term, the propylene oxide market may be stalemate, and more attention should be paid to market news.
If you have any questions, please fee l free to contact SunSirs with support@sunsirs.com
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