Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 23, the average price of propylene oxide enterprises was 9,925.00 RMB/ton, a decrease of 0.50% compared to last Thursday (May 18).

Analysis review

Recently, the propylene oxide market was stagnant and weakened. Recently, the price of raw material propylene decreased, and the cost support was weak. Last week, some devices on the supply side gradually increased their load, while the demand side was mainly wait-and-see. Downstream procurement mentality was cautious, factory shipments had weakened, and the market was stagnant. At the beginning of this week, the supply side increased, downstream procurement was mainly on demand. The market atmosphere was average, and the propylene oxide market showed weak operation. On the 23rd, the mainstream quotation for propylene oxide in the Shandong region was around 9,450-9,600 RMB/ton.

Upstream propylene, according to the commodity market analysis system of SunSirs, the recent price of propylene in Shandong dropped. On May 22, the reference price of propylene was 6,783.25 RMB/ton, down 3.82% from May 1 (7,052.60 RMB/ton).

Market outlook

SunSirs propylene oxide analysts believe that the cost side support was insufficient, supply side increased, and demand side followed up on demand in cautious. It is expected that the propylene oxide market will be weak and wait-and-see in the short term, and more attention needs to be paid to market news guidance.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.