Price trend

According to the monitoring data of SunSirs, as of November 17, the average price of propylene oxide enterprises was 9,700.00 RMB/ton, 0.26% higher than the price on Monday, and 1.39% higher than the price on November 1.

Analysis review

The propylene oxide market rose slightly this week. From the perspective of cost, the market price of raw propylene fell recently, and the cost support was insufficient. From the perspective of supply and demand: Recently, some units fluctuated, supply had shrunk for a short time, factory shipments were smooth, without pressure and mainly supporting prices. The downstream followed up as needed, and the wait-and-see atmosphere became stronger. On the 17th, the mainstream quotation of propylene oxide market in Shandong was around 9,150-9,300 RMB/ton.

On November 16, the reference price of upstream propylene was 7,236.60 RMB/ton, up 2.84% compared with the price on November 1 (7,036.60 RMB/ton).

Market outlook

The propylene oxide analysts of SunSirs believe that the current cost support is average, and the supply side is not under pressure at present. However, under the expectation of supply increase, the downstream is mainly wait-and-see, and the market is cautious. It is expected that in the short term, the market situation of propylene oxide may game to be weak, and more attention should be paid to the market news guidance.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com