SunSirs: There Was No Pressure at the Supply End, and the Propylene Oxide Market Was rising steadily
March 07 2023 13:18:23 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the average price of propylene oxide enterprises was 10,750.00 RMB/ton by the noon of March 6, up 4.12% compared with the price on March 1 and up 17.06% compared with the price on February 6.
Analysis review
The market of propylene oxide had risen since March. Recently, the price of raw material propylene fluctuated in a narrow range, and the price of raw material liquid chlorine was strong, with limited impact of cost side. Some units were shut down for maintenance, and the supply side was low and pressureless, supporting the market price rise, while the demand side remained wait-and-see. On the 6th, the mainstream price of propylene oxide market in Shandong Province was around 11,200-11,300 RMB/ton, and the market continued to be stronger, but the downstream sentiment for purchasing high-priced raw materials was slightly weakened.
Upstream propylene, according to the data monitoring of SunSirs, the domestic propylene (Shandong) market had been in a narrow range recently. On March 3, the reference price of propylene was 7,516.60 RMB/ton, down 0.08% from that of March 1 (7,522.60 RMB/ton).
Market outlook
The propylene oxide analyst of SunSirs believes that the current cost side has little impact, and the follow-up of demand side has weakened slightly, but the supply side is still not under pressure. It is expected that the propylene oxide market will mainly operate at a high level in the short term, 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
