SunSirs: The Propylene Oxide Market Fell First and Then Stabilized (March 13-17)
March 21 2023 13:52:24 SunSirs (John )
Price trend
According to monitoring data from SunSirs, as of March 17, the average price of propylene oxide enterprises was 10,762.50 RMB/ton, down 0.07% compared to Monday's price.
Analysis review
This week, the propylene oxide market fell first and then stabilized. Recently, the price of raw material propylene had fluctuated and sorted out. The price of raw material liquid chlorine slightly increased, the impact of the cost side was general. The supply side devices fluctuated a lot, and the factory inventory was under pressure. At the beginning of the week, the price of propylene oxide was lowered, while the downstream demand side followed up commonly. The cautious wait-and-see mentality remained. On the 17th, the mainstream quotation for propylene oxide in the Shandong region was around 10,450-10,600 RMB/ton, and the market was temporarily stable on the sidelines.
According to monitoring data from SunSirs, the recent price of propylene in Shandong Province fluctuated and sorted. On March 16, the reference price of propylene was 7,386.60 RMB/ton, a decrease of 1.81% compared to that on March 1 (7,522.60 RMB/ton).
Market outlook
An propylene oxide analyst from SunSirs believes that as of the 17th, cost support was acceptable, and shipments from factories in production were good. Buying follow-up was mainly cautious and just in needed. It is expected that in the short term, the propylene oxide market may stagnate, and pay more attention to market news guidance.
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