SunSirs: Downstream Demand Was in Off-season, Propylene Oxide Market Stabilized
January 03 2025 14:36:56 SunSirs (John)
Price trend
With the arrival of the off-season for downstream demand, the propylene oxide market stabilized this week. According to the Commodity Market Analysis System of SunSirs, as of January 2nd, the benchmark price of SunSirs' propylene oxide was 8,312.5 RMB/ton, a decrease of 0.92% compared to the beginning of this week.
Analysis review
Price influencing factors:
Supply side: With the gradual restart of enterprise facilities, the production of propylene oxide has increased. Jiangsu Yida, Satellite Petrochemical, and Ruiheng New Materials have successively resumed operation on site. Individual load reduction maintenance of chlorohydrin method, Lihua Yi continued to operate at 60% load, and Zhejiang Petrochemical stopped.
Raw material: propylene was mainly consolidating. According to the market analysis system of SunSirs, as of January 1st, the benchmark price of propylene in SunSirs was 6,835.75 RMB/ton, a decrease of 0.15% compared to the beginning of last month (68,45.75 RMB/ton).
Downstream demand side: Downstream demand sentiment was relatively cold, procurement follow-up was insufficient, market actual order trading was cold, and purchases were mainly on demand, with a cautious and wait-and-see attitude.
Market outlook
SunSirs’ propylene oxide analyst believes that with the restart and recovery of enterprise equipment, propylene oxide production has increased, and downstream demand side purchases were cautious and lacked follow-up, with a strong wait-and-see mentality. It is expected that the propylene oxide market will remain weak and stable in the short term, and more attention should be paid to market news guidance.
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