SunSirs: The Propylene Oxide Market Fell First and Then Rose (February 13-17)
February 21 2023 14:32:57 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of February 17, the average price of propylene oxide of propylene oxide enterprises was 9,550.00 RMB/ton, which was the same as that on Monday.
Analysis review
The propylene oxide market fell first and then rose this week. Recently, the price of raw material propylene rose slightly, the liquid chlorine of raw material operated stronger slightly, the cost support was strong, and the supply side devices fluctuated little. At the beginning of the week, the downstream purchasing sentiment was not high, the factory shipments were weak, some factories accumulated inventory, and the market wait-and-see weakened. With the centralized replenishment after the downstream terminal wait-and-see, the market price rose. On the 17th, the mainstream price of propylene oxide market in Shandong was around 9,600-9,700 RMB/ton, and the market was stronger.
Upstream propylene, according to the data monitoring of SunSirs, the domestic propylene (Shandong) market had risen slightly recently. On February 16, the reference price of propylene was 7,480.75 RMB/ton, up 0.17% from February 13 (7,468.25 RMB/ton).
Market outlook
The propylene oxide analyst of SunSirs believes that the cost side had some support, the factory shipment was smooth, and the demand side was mainly follow-up. It is expected that the propylene oxide market will be stronger in the short term, and more attention should be paid to market news guidance.
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