The Market Price of Propylene Oxide Fell Slightly in October

Price trend

According to the monitoring data of SunSirs, as of October 30, the average price of propylene oxide of propylene oxide enterprises was 9,783.33 RMB/ton, down 3.14% from October 1, up 9.11% in a three-month cycle, and down 43.12% year on year.

Analysis review

The propylene oxide market declined slightly in October. After the festival, the price of raw propylene rose, the cost support rose, some load reducing shutdown devices had not been recovered, and the market supply shrank, supporting the rise of propylene oxide market, and the situation of demand side follow-up was general. In the second half of the month, the price of raw propylene was declining, and the cost support was gradually weakened. The supply side devices were mainly stable, the downstream was dominated by bearish attitude, and maintained the low volume to be followed up mainly. Factory shipments were flat, inventory gradually came under pressure, and the price of propylene oxide fell. In the last ten days, with the increase of demand side procurement, the factory shipments improved, the early inventory was digested, and the market atmosphere was warmed up. With the decline of shipments again, the market waited and waited, the demand side was weak, and the market was weak.

According to the monitoring data of SunSirs, the reference price of upstream propylene was 7,340.60 RMB/ton on October 28, a decrease of 3.67% compared with the price on October 1 (7,620.60 RMB/ton).

The downstream propylene glycol, according to the monitoring data of SunSirs, the reference price of propylene glycol was 8,100.00 RMB/ton on October 28, a decrease of 15.33% compared with that of October 1 (9,566.67 RMB/ton).

Market outlook

The propylene oxide analysts of SunSirs believe that the supply side is temporarily stable and the purchasing sentiment on the demand side is weak, but there is some support on the cost side. It is expected that the propylene oxide market will be slightly deadlocked in the short term, and more attention should be paid to the market news guidance.

If you have any questions, please fee l free to contact SunSirs with support@sunsirs.com