Price trend
According to the Commodity Market Analysis System of SunSirs, as of July 9th, the average price of propylene oxide in the domestic market was referenced at 8,930.00 RMB/ton, a decrease of 0.11% compared to the beginning of the month.
Analysis review
From the commodity market analysis system of SunSirs, it can be seen that in July, the price of propylene oxide in the market fell slightly and then remained stagnant and consolidated. However, after a slight recovery in recent times, it continued to operate on a wait-and-see basis. As of July 9th, the mainstream price reference for Shandong propylene oxide market was around 8,500-8,600 RMB/ton.
Analysis of market influencing factors:
Cost side: Entering July, the price of raw material propylene fluctuated narrowly. According to the commodity market analysis system of SunSirs, the reference price of propylene on July 8th was 7,113.25 RMB/ton, a decrease of 0.28% compared to July 1st (7,133.25 RMB/ton). Since July, the raw material liquid chlorine had mainly increased. Recently, the cost side of the propylene oxide market had been under pressure.
Supply and demand side: At the beginning of the month, some enterprises experienced fluctuations in their equipment, and inventory pressure on the supply side was controllable. However, downstream demand was mediocre, and purchasing attitudes were cautious, resulting in a weak performance in the propylene oxide market. This week, the price of propylene oxide rebounded narrowly from a low level, and downstream observers followed suit. The market atmosphere was average, and the market stabilized again.
Market outlook
The propylene oxide analyst from SunSirs believes that there was still cost support in the market, and the demand side was mainly wait-and-see. The market transaction atmosphere was average, and it is expected that in the short term, the propylene oxide market may continue to operate in a wait-and-see manner, and more attention should be paid to market news guidance.
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