Price trend

According to the monitoring data of SunSirs, as of January 31, the average price of propylene oxide in propylene oxide enterprises was 9,183.33 RMB/ton, up 2.42% from January 1.

Analysis review

The market of propylene oxide rose slightly in January. After the New Year's Day, the price of raw material propylene was stable and slightly changed, the impact of cost was small, and the start of supply was slightly reduced, but the downstream was cautious to wait and buy, the factory shipments turned thin, the inventory was slowly under pressure, and the market game was weak. In the middle of January, the price of raw material propylene rose, the cost support increased, part of the early inventory was digested, the supply side had no pressure, the downstream increased procurement volume to followed up, the market atmosphere warmed up, the focus of the negotiation price of propylene oxide moved up. As the downstream purchasing sentiment had weakened, and the Spring Festival holiday was approaching, the market was weak and stable. After the Spring Festival, the supply side had no pressure, the demand side was general, and the market was stable and stronger. As the factory shipments turned weak, the market was stable and wait-and-see.

According to the monitoring data of SunSirs, the reference price of propylene on January 30 was 7,640.60 RMB/ton, up 5.47% from that of January 1 (7,244.60 RMB/ton).

According to the monitoring data of SunSirs, the reference price of propylene glycol was 7,900.00 RMB/ton on January 30, up 6.76% compared with the price of 7,400.00 RMB/ton on January 1.

Market outlook

The epoxypropane analyst of SunSirs believes that the current cost impact is not significant, the supply side devices are mainly stable, and the downstream follow up with low-volume procurement to wait and see, and the market atmosphere is general. It is expected that in the short term, the propylene oxide market may be in a stalemate, and more attention should be paid to the market news guidance.

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