SunSirs: Propylene Oxide Market Rose (February 6-10)
February 13 2023 13:59:29 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the average price of propylene oxide of propylene oxide enterprises was 9,633.33 RMB/ton by the noon of February 10, an increase of 4.90% compared with Monday's price.
Analysis review
The propylene oxide market rose this week. Recently, the price of raw material propylene was sorted out in a narrow range, the price of raw material liquid chlorine had risen, the cost support was strong, the supply side devices were operated at a slightly reduced load, the factory shipments were general, the inventory had accumulated slightly but there was no pressure for the time being, supporting the market to rise, but the demand side performance was flat, and the market wait-and-see atmosphere was strong. On the 10th, the mainstream price of propylene oxide market in Shandong was around 9,500-9,600 RMB/ton.
Upstream propylene, according to the data monitoring of SunSirs, the domestic propylene (Shandong) market was in a narrow range recently. On February 9, the reference price of propylene was 7,623.25 RMB/ton, up 1.23% from that of February 1 (7,530.75 RMB/ton).
Market outlook
The propylene oxide analyst of SunSirs believed that as of the 10th, the cost and supply side support remained, but the demand side suppressed the market, and the market played a long and short game. It is expected that the propylene oxide market will digest the increase in the short term, and more attention should be paid to the market news guidance.
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