Price trend
According to the Commodity Market Analysis System of SunSirs, as of September 15th, the average price of propylene oxide enterprises was 9,550.00 RMB/ton, an increase of 0.21% compared to Monday's price.
Analysis review
This week, the propylene oxide market fell first and then rose. At the beginning of the week, some devices increased their load, supply slightly increased, the shipments were average, and some factories' prices fell under pressure. As the prices of raw materials such as propylene and liquid chlorine continued to rise, the cost pressure gradually increased. Downstream wait-and-see increments followed, and factories’shipments improved. The price of propylene oxide increased. On the 15th, the mainstream quotation in the Shandong propylene oxide market was around 9,650-9,750 RMB/ton.
Upstream Propylene: According to the Commodity Market Analysis System of SunSirs, the reference price for propylene on September 14th was 7,300.75 RMB/ton, an increase of 2.64% compared to September 1st (7,113.25 RMB/ton).
Market outlook
According to propylene oxide analysts from SunSirs, as of September 15th, cost support still existed, supply side devices were temporarily stable, and downstream procurement pace had slowed down. It is expected that the propylene oxide market may remain stagnant and wait-and-see in the short term, and more attention needs to be paid to downstream pre holiday stocking demand.
