SunSirs: The Price of Propylene Oxide Continued to Decline This Week (August 19-22)
August 22 2024 14:59:44 SunSirs (John)
Market Overview
Recently, the price of propylene oxide has continued to decline. According to the Commodity Market Analysis System of SunSirs, as of August 22, the benchmark price of SunSirs' propylene oxide is 8,662.50 RMB/ton, a decrease of 3.48% compared to the beginning of this month (8,975.00 RMB/ton).
Analysis review
Price influencing factors:
Raw material side: Recently, the price of propylene in the market has risen, and the price of liquid chlorine has been running weakly and steadily. In addition, some liquid chlorine enterprises have undergone equipment maintenance due to malfunctions, resulting in a decrease in liquid chlorine exports, which suppressed the cost of propylene oxide, and mostly maintained firm quotations. According to the market analysis system of SunSirs, as of August 22, the benchmark price of propylene in SunSirs is 6,890.75 RMB/ton, a decrease of 2.72% compared to the beginning of this month (7,083.25 RMB/ton).
Downstream demand side: Downstream mainly focuses on essential procurement, with a cold trading atmosphere and insufficient order volume. Downstream wait-and-see sentiment is strong, market atmosphere is weak, and the market is declining.
Market outlook
An propylene oxide analyst from SunSirs believes that the current cost of propylene oxide is under pressure, downstream new orders are generally following up, and transactions are mainly driven by demand. It is expected that in the short term, the propylene oxide market will mainly operate weakly and steadily, and more attention still needs to be paid to changes in raw material prices.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
