Price trend

According to the Commodity Market Analysis System of SunSirs, as of August 25th, the average enterprises’ price of propylene oxide was 9,425.00 RMB/ton, which was unchanged compared to Monday's price and increased by 5.50% compared to the same period last year.

Analysis review

The propylene oxide market was operating smoothly this week. Recently, the price of raw material propylene was weak, cost support was weakened, partial equipments were on maintenance, and industry capacity utilization decreased. The enthusiasm for downstream inquiries and procurement was average, and follow-up was limited. The focus of market negotiations was mainly on stability. On the 25th, the mainstream quotation for propylene oxide in the Shandong region was around 9,150-9,300 RMB/ton.

Upstream Propylene: According to the Commodity Market Analysis System of SunSirs, on August 24th, the propylene market in Shandong fell weakly, with the mainstream market quotation dropping to 6,600-6,650 RMB/ton.

Market outlook

According to propylene oxide analysts from SunSirs, as of August 25th, some factories' shipments were under pressure, and downstream was wait-and-see and followed up with a small amount. It is expected that the propylene oxide market may show weaker performance in the short term, and more attention needs to be paid to market news guidance.

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