Price trend

Since December, the propylene oxide market had remained stable. According to the Commodity Market Analysis System of SunSirs, as of December 10th, the average price of propylene oxide from enterprises was 9,300.00 RMB/ton, which wass unchanged compared to last Monday (December 4th).

Price influencing factors:

Cost side: According to the commodity market analysis system of SunSirs, on December 8th, the reference price of propylene was 6,968.25 RMB/ton, a decrease of 1.94% compared to December 1st (7,105.75 RMB/ton). Due to the weak downstream demand side, the propylene market had recently experienced a slight decline, and cost support for the propylene oxide market had weakened.

Supply and demand side: At the beginning of last week, the inventory pressure of factories was controllable, with average shipments on the supply side and some on the demand side following suit with reduced volume. The market remained stable, but with some factories accumulating inventory slightly, the demand side following suit was limited. The market was in a strong wait-and-see atmosphere, and the market was stable but weak. On December 8th, the mainstream quotation in the Shandong propylene oxide market was between 9,100-9,150 RMB/ton.

Market outlook

The propylene oxide analyst from SunSirs believes that the cost support was average, with stable supply side and moderate follow-up on demand side. It is expected that in the short term, the propylene oxide market may remain stagnant and operate with a strong wait-and-see atmosphere, and more attention should be paid to market news guidance.

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