Price trend

This week, the propylene oxide market has been operating weakly and steadily. According to the Commodity Market Analysis System of SunSirs, as of December 13th, the benchmark price of SunSirs's propylene oxide was 8,470 RMB/ton, a decrease of 0.67% compared to the beginning of this month.

Price influencing factors:

Supply side: From November to December at the end of the year, maintenance will be concentrated in the East China region. The 400,000 tons/year HPPO unit in the Lianyungang region was shut down for maintenance on November 11th, with an estimated 45 days. The 270,000 tons/year PO/SM unit in Zhejiang Petrochemical also be scheduled for maintenance in mid November, with only the 200,000 tons/year PO/SM unit in Shenghong operating normally. Affected by it, prices in East China have fallen slightly.

Raw material side: The price of propylene on the raw material side fluctuated and fell. According to the market analysis system of SunSirs, as of December 13th, the benchmark price of propylene in SunSirs was 6,828.25 RMB/ton, a decrease of 0.26% compared to the beginning of this month (6,845.75 RMB/ton).

Downstream demand side: The downstream demand side was relatively cold, with insufficient follow-up on procurement, cold actual market transactions, and purchases mainly focused on references, adopting a cautious and wait-and-see attitude.

Market outlook

SunSirs’ propylene oxide analyst believes that due to the impact of increased supply from various companies and weak downstream demand, it is advisable to wait and see. Procurements were insufficient to follow up on essential. It is expected that the short-term epoxy propane market will mainly experience fluctuations and consolidation, and more attention should be paid to market news guidance.

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