SunSirs: The Propylene Oxide Market Was Stable with a Stronger Adjustment This Week (January 13-17)

Price trend

This week, the propylene oxide market was stable with a stronger adjustment. According to the Commodity Market Analysis System of SunSirs, as of January 17th, the benchmark price of SunSirs' propylene oxide was 8,075 RMB/ton, a decrease of 2.86% compared to the beginning of this month.

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 chlorohydrin method had load reduction or maintenance, LihuaYi continued to operate at 60% load, and Zhejiang Petrochemical stopped production.

Raw material side: The prices of propylene and liquid chlorine were mixed with ups and downs this week. According to the market analysis system of SunSirs, as of January 16th, the benchmark price of propylene in SunSirs was 7,005.75 RMB/ton, an increase of 2.49% compared to the beginning of this month (6,835.75 RMB/ton).

Downstream demand side: As the Spring Festival approaching, the downstream demand sentiment was relatively cold, and there was insufficient follow-up on procurement. The market's actual order trading was cold, and the purchases were mainly on demand, with a cautious and wait-and-see attitude.

Market outlook

A propylene oxide analyst from SunSirs believes that with the restart and recovery of enterprise equipment, propylene oxide production has increased. Downstream demand side purchases were cautious and lacked follow-up, and there was a strong wait-and-see attitude. It is expected that the propylene oxide market will remain stable in the short term, and more attention should be paid to market news guidance.

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