Price trend

According to the Commodity Market Analysis System of SunSirs, as of March 28th, the average price of propylene oxide for enterprises was 9,225.00 RMB/ton, an increase of 0.82% compared to March 1st.

Analysis review

The market price of propylene oxide slightly increased in March. At the beginning of the month, the price of raw material propylene increased, with strong cost support, but there was an increase in supply. Downstream observers followed suit appropriately, resulting in a stalemate in the market atmosphere. In the middle of the month, the propylene oxide market remained stable with little movement, and cost pressure still persisted. Some units fluctuated, and factory prices fluctuated and consolidated. The quotes from dealers remained mostly stable and wait-and-see, while actual orders remained negotiable. In the latter half of the month, some devices experienced a decrease in load, industry capacity utilization declined, factory shipments were smooth, supporting an upward trend in the market. As the end of the month approached, cost support was average, and the market atmosphere remained calm and wait-and-see.

Upstream propylene: According to the commodity market analysis system of SunSirs, the reference price of propylene on March 28th was 6,740.60, a decrease of 1.89% compared to March 1st (6,870.75). In March, the price of propylene fluctuated and stabilized, and the cost still provided support for the propylene oxide market.

Market outlook

SunSirs' propylene oxide analyst believes that the current supply side inventory pressure was temporarily controllable, and downstream procurement mentality was slightly insufficient. It was mainly wait-and-see, and it is expected that the propylene oxide market may be stalemated and slightly weaker in the short term. More attention needs to be paid to the cost side and supply side inventory situation.

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