Price trend

According to the Commodity Market Analysis System of SunSirs, as of October 13th, the average price of propylene oxide of propylene oxide enterprises was 9,475.00 RMB/ton, a decrease of 0.13% compared to Monday's price.

Analysis review

This week, the propylene oxide market fluctuated and slightly declined. After the holiday, the raw material propylene market was operating to be weaker, cost support was weakened. The supply side was mainly stable, and some units fluctuated. Downstream new orders were traded commonly, and mainly consumed inventory of raw materials. The enthusiasm for purchasing propylene oxide was average, and some factories had accumulated inventory. The propylene oxide market negotiation was stable but weak.

Upstream Propylene: According to the Commodity Market Analysis System of SunSirs, the reference price for propylene on October 12th was 7,105.75 RMB/ton, a decrease of 2.27% compared to October 1st (7,270.75 RMB/ton), which lacked support for the propylene oxide market.

Market outlook

The propylene oxide analyst from SunSirs believes that the cost support was average, while the demand side was mainly reducing production to follow up. It is expected that the propylene oxide market may operate weakly and stably in the short term, and more attention needs to be paid to market news guidance.

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