Price trend
According to the Commodity Market Analysis System of SunSirs, as of April 29th, the average price of propylene oxide for enterprises was 9,212.50 RMB/ton, a decrease of 0.14% compared to the price on April 1st.
Analysis review
The price of propylene oxide fluctuated and stabilized in April. In the first half of the year, cost support was still acceptable, with some supply side devices operating in a fluctuating manner. There was slight differentiation between the North and South markets, with tight spot supply in the South market and temporarily controllable inventory pressure in the North market. Downstream observers followed with caution, resulting in a narrow range and weak consolidation in the market. In the middle of the month, there was some support on the cost side, and factory inventory was slightly under pressure. Downstream customers waited and waited, but procurement follow-up was insufficient, resulting in a price decline. After the decline, downstream follow-up increased, and prices rebounded. In the latter half of the year, factory shipments were average, with some inventory accumulation and weak market atmosphere. After the decline, factory shipments were still acceptable, and prices rebounded.
Upstream propylene: According to the commodity market analysis system of SunSirs, the domestic propylene (Shandong) market fluctuated and fell in April. At the beginning of April, the market was average at 6,848 RMB/ton. On April 28th, the average price was 6,808 RMB/ton, with a monthly decline of 0.58%, which provided moderate support for the propylene oxide market.
Market outlook
The propylene oxide analyst from SunSirs believes that the raw material propylene price was weak, with average cost support and stable supply. Downstream buyers needed to follow up, and it is expected that the propylene oxide market will be mainly wait-and-see in the short term. More attention should be paid to market news guidance.
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