According to the monitoring data of SunSirs, as of February 23, the average price of propylene oxide of propylene oxide enterprises was 9,766.67 RMB/ton, which was the same as that on Monday.
Analysis review
The market of propylene oxide was stable recently. Recently, the price of raw material propylene rose first and then fell, the cost support was general, and the supply end device was mainly stable However, the subsequent maintenance plan at the supply end supported the market's price-supporting attitude. The demand-side performance was weak, the raw materials were carefully watched and followed up, the market atmosphere was flat, and the focus of propylene oxide negotiation was stable.
Upstream propylene, according to the data monitoring of SunSirs, the recent domestic propylene (Shandong) market rose first and then fell. On February 22, the reference price of propylene was 7,695.75 RMB/ton, up 2.19% from the price on February 1 (7,530.75 RMB/ton,).
Market outlook
The epoxypropane analyst of SunSirs believes that the cost support was limited, the supply pressure was temporarily controllable, and the demand side was in a different state of mind. It was mainly to wait and follow up. It is expected that the propylene oxide market will stagnate in the short term, and more attention should be paid to the market news guidance.
