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 March 27th, the benchmark price of SunSirs' propylene oxide was 7,987.5 RMB/ton, a decrease of 0.47% from the beginning of the month.

Analysis review

Price influencing factors:

Supply side: After the load reduction of LihuaYi equipment, there was temporarily no available quantity for sale, and there was a maintenance plan for Sanyue equipment. As of March 27th, the market inventory has decreased. Enterprises tend to had a strong mentality of supporting prices.

Raw materials: The raw material propylene mainly oscillated in a narrow range. According to the market analysis system of SunSirs, as of March 26th, the benchmark price of propylene in SunSirs was 6,783.25 RMB/ton, a decrease of 0.44% compared to the beginning of this month (6,813.25 RMB/ton).

Downstream demand side: The downstream market was mostly wait-and-see, and the trading atmosphere was average. Due to the expected reduction in raw materials caused by the maintenance of propylene oxide units in some regions, the market's purchasing enthusiasm has increased.

Market outlook

An propylene oxide analyst from SunSirs believes that the inventory maintenance plan on the supply side of propylene oxide has led to a reduction in inventory, which still provided some support for market supply. However, the downstream trading atmosphere was generally average, with on-demand procurement as the main focus and insufficient demand support. Many companies were mainly pushing prices. It is expected that the propylene oxide market may continue to fluctuate in the later stage, and more attention should be paid to changes in raw material prices.

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