The propylene oxide market had been operating steadily this week. According to the Commodity Market Analysis System of SunSirs, as of November 10th, the average price of propylene oxide enterprises was 9,325.00 RMB/ton, which was unchanged compared to Monday's price.
Analysis review
Cost side: According to the commodity market analysis system of SunSirs, the recent trend of raw material propylene market was relatively stronger. On November 9th, the reference price of propylene was 7,353.25RMB/ton, an increase of 4.29% compared to November 1st (7,050.75RMB/ton). The price of raw material liquid chlorine increased during the week, and the cost support for the propylene oxide market was strong.
Supply and demand side: Some devices on the supply side fluctuated, and the industry's capacity utilization rate had decreased compared to the previous period. Downstream was wait-and-see and followed up moderately just in needed, and the demand side performance was average. The supply and demand side had limited support for the propylene oxide market. On the 10th, the mainstream quotation in the Shandong propylene oxide market was around 9,150-9,200 RMB/ton.
Market outlook
According to propylene oxide analysts from SunSirs, as of November 10th, the price of raw material propylene was high, and the raw material liquid chlorine was stronger, with significant cost support. However, factory shipments were average, and downstream companies follow up just in needed. The market had a strong wait-and-see atmosphere, and it is expected that in the short term, the propylene oxide market may remain stagnant, and more attention should be paid to market news guidance.
