Price trend

After the Spring Festival, the domestic propylene oxide market experienced a weak decline. According to the Commodity Market Analysis System of, as of February 5th, the benchmark price of SunSirs's propylene oxide was 8,050.00 RMB/ton, a decrease of 0.62% compared to the beginning of this month (8,100.00 RMB/ton).

Analysis review

Price influencing factors:

Supply side: The production of propylene oxide has increased, and some factories were facing inventory pressure, resulting in a slight decrease in prices. At the end of 2024, Taixing Yida's 150,000 ton propylene oxide plant entered the trial production stage; Jiangsu Hongwei's 200,000/450,000 ton PO/SM plant has been successfully put into operation and runs smoothly.

Raw material end: The market for liquid chlorine and propylene on the raw material end was temporarily stable. According to the market analysis system of SunSirs, as of February 4th, the benchmark price of propylene in SunSirs was 6,798.25 RMB/ton, a decrease of 0.37% compared to the beginning of this month (6,823.25 RMB/ton).

Downstream demand side: After the holiday, downstream urgent replenishment was the main focus, with limited new orders and sluggish actual market transactions. It is expected that there will be no significant improvement in the demand for propylene oxide in the near future.

Market outlook

SunSirs' propylene oxide analyst believes that with the restart and recovery of enterprise equipment, propylene oxide production has increased, and some factories were under pressure from inventory. Downstream demand side procurement was cautious and lacked follow-up, and there was a strong wait-and-see mentality. It is expected that the propylene oxide market will mainly consolidate weakly, and more attention should be paid to market news guidance.

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