Price trend

According to the monitoring data of SunSirs, as of January 13, the average price of propylene oxide enterprises was 9,150.00 RMB/ton, up 0.73% from Monday's price.

Analysis review

The epoxy propane market rose slightly this week. Recently, the price of raw material propylene rose, and the cost support increased. At the beginning of the week, part of the initial inventory was digested, the supply side was pressureless, and the downstream increased the purchase volume to follow up. The market atmosphere warmed, and the focus of the propylene oxide negotiation moved up. With the factory shipments weakened, the market price stabilized. On the 13th, the mainstream price of propylene oxide market in Shandong Province was around 9,000-9,100 RMB/ton.

Upstream propylene, according to the data monitoring of SunSirs, the domestic propylene (Shandong) market rose slightly recently. On January 12, the reference price of propylene was 7,282.60 RMB/ton, up 0.52% compared with the price on January 1 (7,244.60 RMB/ton).

Market outlook

The epoxy propane analyst of SunSirs believes that there is some support on the cost side at present, there is no pressure on the supply side for the time being, and the downstream purchasing sentiment has weakened. It is expected that in the short term, the epoxy propane market will probably stagnate, and more attention should be paid to the market news guidance.

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