Price trend

According to the Commodity Market Analysis System of SunSirs, as of February 29th, the average price of propylene oxide for enterprises was 9,150.00 RMB/ton, a decrease of 0.95% compared to February 1st.

Analysis review

The propylene oxide market slightly declined in February. The cost support before the holiday was average, and downstream suppliers mainly chose to replenish goods on demand. As terminals gradually withdrew from the market, downstream new orders were average, and the pace of purchasing propylene oxide slowed down, resulting in a weak market operation. After the holiday, factory shipments were average, and the demand side was mainly focused on digesting inventory. The follow-up of new orders was limited. In addition, some regions were affected by rainy and snowy weather, and the overall market atmosphere was average. The market was stagnant and weak.

Upstream propylene: According to the commodity market analysis system of SunSirs, the domestic propylene (Shandong) market slightly increased in February. At the beginning of February, the market average was 6,843 RMB/ton, with an average price of 6,895 RMB/ton on February 28th, a monthly increase of 0.77%.

Market outlook

SunSirs' propylene oxide analyst believes that the cost support was average, and downstream follow-up was slightly slow. It is expected that the propylene oxide market may remain stagnant for a short period of time, and more attention needs to be paid to market news guidance.

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