Price trend

According to the Commodity Market Analysis System of the SunSirs, as of October 30th, the average price of propylene oxide enterprises was 9,400.00 RMB/ton, a decrease of 1.44% compared to October 1st.

Analysis review

The propylene oxide market slightly declined in October. After the Double Festival, the price of raw material propylene decreased, the cost support weakened, and some units on the supply side fluctuated. Downstream consumption of inventory raw materials was mainly, and the ability to follow up on propylene oxide was average. Some factories accumulated inventory, and the market was stable but weak. With terminal volume increasing, inventory pressure gradually eased, and the market rebounded slightly. The demand side returned to a light and stable follow-up, and factory shipments were average. The market had a strong wait-and-see atmosphere, The focus of propylene oxide negotiations is mainly on stability. In the latter half of the month, the price of raw material propylene decreased, and cost support was weak. Downstream caution was mainly focused on following up, and the demand side was average. Some inventory prices fell under pressure, resulting in a stalemate in the market atmosphere. Towards the end of the month, factory shipments rebounded, and the market atmosphere improved.

Upstream propylene, according to the Commodity Market Analysis System of SunSirs, the reference price for propylene on October 30th was 7,100.75 RMB/ton, a decrease of 2.34% compared to October 1st (7,270.75 RMB/ton).

Market outlook

According to propylene oxide analysts from SunSirs, as of the 30th, the price of raw material propylene is relatively strong, and cost support has increased. The demand side is still waiting and following up, and it is expected that the propylene oxide market may operate stably, moderately, and strongly in the short term. More attention should be paid to market news guidance.

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