Price trend

This week, the propylene oxide market was mainly stable. According to the Commodity Market Analysis System of SunSirs, as of May 11th, the average price of propylene oxide in the domestic market was based on 9,225.00 RMB/ton, which was basically the same as the price on May 6th.

Price influencing factors:

Cost side: Raw material propylene. According to the commodity market analysis system of SunSirs, the average price in the Shandong market at the beginning of the week was 6,774 RMB/ton, and the average price over the weekend was 6,852 RMB/ton, with a weekly increase of 1.15%. After the holiday, the domestic propylene (Shandong) market slightly increased, while the raw material liquid chlorine fluctuated narrowly after the holiday. The cost side still supported.

Supply and demand side: After the holiday, the spot supply in the East China market was tight, and the inventory pressure in the Shandong market had eased. The supply side supports the market with a strong mentality. On the demand side, downstream was observing and following up on demand in moderation, and overall performance was average.

Market outlook

SunSirs' propylene oxide analyst believes that the propylene market for future raw materials may have a narrow consolidation operation, while the liquid chlorine market is still viable, and short-term cost support may continue. On the supply side, there may be an increase, but the pressure is temporarily controllable. On the demand side, wait-and-see is the main focus, and supply and demand support is average. It is expected that in the short term, the propylene oxide market may fluctuate steadily with a narrow range, and more attention needs to be paid to market news guidance.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.