Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 31st, the average price of propylene oxide for enterprises was 9,137.50 RMB/ton, a decrease of 0.95% compared to the price on May 1st.

Analysis review

The market price of propylene oxide slightly decreased in May. After the holiday, the raw material propylene fluctuated and rose, while the raw material liquid chlorine fluctuated narrowly. The cost support was still acceptable. The spot supply in the East China market was tight, and the inventory pressure in the Shandong market had eased. The overall performance of the demand side was average, and the price of propylene oxide in the market was mainly stable. In the middle of the month, the price of raw material propylene fluctuated and weakened, while the price of raw material liquid chlorine was narrowly weaker. Cost support weakened, and some devices on the supply side fluctuated. Inventory pressure was controllable, but downstream buying intentions were average, mainly followed up just on demand. The market atmosphere was deadlocked, and holders mainly negotiated with them. In late May, some downstream devices had reduced their load, and the demand side lackd follow-up power for propylene oxide. Downstream enterprises were mainly waiting and waiting, and they were willing to take advantage of the situation. As a result, the focus of negotiations in the propylene oxide market had weakened. At the end of the month, with strong cost support, prices slightly rebounded.

Upstream propylene: In May, the price of raw material propylene fluctuated and stabilized. According to the Commodity Market Analysis System of SunSirs, as of May 30th, the price of propylene was 6,860.6 RMB/ton, a slight increase of 0.88% compared to the price of 6,800.6 RMB/ton on May 1st, which had limited support for the propylene oxide market.

Market outlook

The propylene oxide analyst from SunSirs believes that the cost support was obvious, and downstream low price follow-up was still acceptable. The market's wait-and-see attitude still existed, and it is expected that the propylene oxide market may be narrowly stronger in the short term. More attention should be paid to market news guidance.

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