SunSirs: The Propylene Oxide Market Was Weak in a Stalemate (November 18-23)
November 24 2022 10:07:52 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of November 23, the average price of epoxy propane for epoxy propane enterprises was 9,700.00 RMB/ton, 1.29% lower than that of last Friday (November 18), and 0.09% higher than that of November 1.
Analysis review
Recently, the propylene oxide market was dominated by stability and deadlock, and the high-end prices of some enterprises were lowered. From the cost perspective: recently, the market price of raw propylene rose slightly, and the cost support was average. From the perspective of supply and demand, the supply side devices had partially recovered, the northern part had accumulated a little but the pressure was temporarily controllable. The downstream was mainly cautious and wait-and-see, the purchasing atmosphere was weak, and the market turnover was average. On the 23rd, the mainstream quotation of propylene oxide market in Shandong was around 9,150-9,300 RMB/ton.
On November 22, the reference price of upstream propylene was 7,306.60 RMB/ton, up 3.84% compared with November 1 (7036.60 RMB/ton).
Market outlook
The epoxy propane analysts of SunSirs believe that the current cost support is limited, the supply side shipment is fair, and the demand side is mainly wait-and-see. It is expected that in the short term, the epoxy propane market will be deadlocked, and more attention should be paid to the market news guidance.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 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
