SunSirs: The Propylene Oxide Market Was Mainly Volatile and Consolidating This Week (November 2-6)
December 09 2024 11:00:06     SunSirs (John)Price trend
This week, the propylene oxide market was mainly volatile and consolidating. According to the Commodity Market Analysis System of SunSirs, as of December 6th, the benchmark price of SunSirs's propylene oxide was 8,527.5 RMB/ton, which was the same as the beginning of this week.
Analysis review
Price influencing factors:
Supply side: From November to December at the end of the year, maintenance will be concentrated in the East China region. The 400,000 tons/year HPPO unit in the Lianyungang region was shut down for maintenance on November 11th, with an estimated 45 days. The 270,000 tons/year PO/SM unit in Zhejiang Petrochemical may also be scheduled for maintenance in mid November, with only the 200,000 tons/year PO/SM unit in Shenghong operating normally. The market supply was tight, and the propylene oxide market was rising in price.
Raw material side: The price of liquid chlorine and propylene on the raw material side fluctuated, and the cost side of propylene oxide enterprises was under high pressure. According to the market analysis system of SunSirs, as of December 6th, the reference price of propylene was 6,870.75 RMB/ton, an increase of 0.37% compared to December 1st (6,845.75 RMB/ton)
Downstream demand side: Downstream procurement follow-up was insufficient, market actual order trading was cold, and purchases were mainly on demand, and they were cautious in observation.
Market outlook
SunSirs’ propylene oxide analyst believes that the market supply was tight, downstream procurement follow-up was insufficient, and a wait-and-see attitude was strong. Procurement was based on, and it is expected that the short-term propylene oxide market will mainly fluctuate and consolidate. More attention should be paid to market news guidance.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.