Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 19, the average price of propylene oxide in propylene oxide enterprises was 9,465.00 RMB/ton, a decrease of 0.79% compared to last Thursday (April 13).

Analysis review

The recent market situation of propylene oxide was stagnant and showed weak performance. Recently, the prices of raw materials such as propylene and liquid chlorine rose, cost support increased. Last Friday, there was a slight accumulation of inventory on the supply side, but the pressure was controllable. The enthusiasm for downstream procurement was not high, and the market was mostly wait-and-see and consolidated. At the beginning of this week, shipments from factories in production were lackluster, with downstream procurement at low prices and low volume follow-up. There was a strong wait-and-see atmosphere in the market, and on the 19th, the mainstream quotation for propylene oxide in the Shandong region was around 9,550-9,700 RMB/ton.

Upstream propylene, according to the commodity market analysis system of the SunSirs, the price of propylene in Shandong rose recently. On April 18, the reference price of propylene was 7,400.60, up 3.67% from April 1 (7,138.60).

Market outlook

According to propylene oxide analysts from SunSirs, as of the 19th, the cost support was average, supply side devices were mainly stable, downstream was cautious and followed up with low volume, and the market atmosphere was average. It is expected that the propylene oxide market may be on the sidelines for consolidation and operation in the short term, and more attention needs to be paid to market news guidance.

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