According to the monitoring data of SunSirs, as of August 26, the average price of propylene oxide enterprises was 9,000.00 RMB/ton, an increase of 0.75% compared with the price on Monday, and a decrease of 3.50% compared with the price on July 26. The price was down 22.64% in a three-month cycle.
Analysis review
Propylene oxide market prices rose this week. Recently, the market price of raw material propylene was adjusted in a narrow range. The support of the cost side at the beginning of the week was general. The supply side was mainly stable, and the enthusiasm for downstream purchases was not high. It was mainly cautious to wait and see. The market sentiment was flat and the transactions were limited. With the rebound of raw material liquid chlorine, the cost support was strengthened, and the supply side support was acceptable. On the 26th, the mainstream quotation in the propylene oxide market in Shandong was around 9,100-9,200 RMB/ton.
Upstream propylene, according to the data monitoring of SunSirs, on August 25, the reference price of propylene was 6,834.60 RMB/ton, a decrease of 6.99% compared with August 1 (7,348.60 RMB/ton).Downstream propylene glycol, according to the monitoring data of SunSirs, on August 25, the reference price of propylene glycol was 8,966.67 RMB/ton, an increase of 16.2% compared with August 1 (7,716.67 RMB/ton).
Market outlook
The propylene oxide analyst of SunSirs believes that the current price of raw material propylene is rising, the cost support is rising, the supply and demand support is acceptable, and the market trading atmosphere has turned weak. It is expected that in the short term, the propylene oxide market may stabilize and wait and see. More need to pay attention to market news guidance.
