SunSirs: The Market Price of Propylene Oxide Rose Slightly (October 21-26)
October 27 2022 14:15:11 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of October 26, the average price of epoxy propane for epoxy propane enterprises was 9,833.33 RMB/ton, 1.03% higher than that of last Friday (October 21), 2.32% lower than that of September 26, and 5.43% higher in a three-month cycle.
Analysis review
From the perspective of supply and demand: On the 21st, with the increase of demand side procurement, factory shipments improved, the early inventory was digested, and the market atmosphere was warmer. On Monday, the market shipments turned weak, the enthusiasm of downstream procurement decreased, the supply side fluctuated slightly, the demand side stayed on the sidelines, and the market atmosphere was weak. On the 26th, the mainstream quotation of propylene oxide market in Shandong was around 9,550-9,650 RMB/ton.
On October 25, the reference price of upstream propylene was 7,426.60 RMB/ton, a decrease of 2.55% compared with the price on October 1 (7,620.60 RMB/ton). Recently, the raw propylene market was mainly reorganized, and the cost had general support for the propylene oxide market.
Market outlook
At present, the cost support is limited, the supply support is average, and the demand side is weak. It is expected that in the short term, the market of propylene oxide may become stagnant and weak, and more attention should be paid to the market news guidance.
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- 2024-04-18 SunSirs: The Market Situation of Propylene Oxide Had Slightly Declined (April 10-17)
- 2024-04-09 SunSirs: Downstream Followed Up on a Basis of Wait-and-see, and Propylene Oxide Market Was Consolidating
- 2024-04-01 SunSirs: The Market Price of Propylene Oxide Slightly Increased in March
- 2024-03-28 SunSirs: The Market Price of propylene oxide Was Stable, and the Atmosphere Was Stronger (March 20-25)
- 2024-03-13 SunSirs: The Propylene Oxide Market Was Operating in a Stalemate, with a Weak Atmosphere
