SunSirs:The Propylene Oxide Market Trend Is Weak and Stable (April 14-18)

Price trend

This week, the propylene oxide market trend is weak and stable. According to the monitoring and analysis system of SunSirs, as of April 18th, the benchmark price of SunSirs' propylene oxide is 7,450 RMB/ton, a decrease of 6.73% compared to early April.

Price influencing factors:

Supply side: Currently, there is ample supply of spot goods in the market, and some devices have maintenance plans in place. LihuaYi equipment is functioning normally, mainly supplying core customers internally. On April 18th, the external quotation is 7,200 RMB/ton, a decrease of 60 RMB/ton from the previous day.

Raw material side: The market price of raw material propylene has slightly increased, and the fluctuation has little impact on the market. According to the market analysis system of SunSirs, as of April 17th, the benchmark price of propylene in SunSirs was 6,723.25 RMB/ton, a decrease of 0.33% compared to the beginning of this month (6,745.75 RMB/ton).

Downstream demand side: The downstream market is mostly wait-and-see, with insufficient support from the demand side. The trading atmosphere is average, with a focus on on-demand procurement.

Market outlook

SunSirs’ propylene oxide analyst believes that the supply of propylene oxide is loose, the downstream trading atmosphere is average, and on-demand procurement is the main focus, with insufficient support from the demand side. It is expected that the propylene oxide market will continue its weak and stable trend in the later stage, and more attention should be paid to changes in raw material prices and downstream supply and demand.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.