SunSirs: The Propylene Oxide Market Was Weakly Consolidating (May 24-28)

https://www.chemnet.com   May 31,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 28th, the average price of propylene oxide in the domestic market was referenced at 9,150.00 RMB/ton, a decrease of 0.81% compared to last Friday's price.

Analysis review

Recently, the propylene oxide market had been operating weakly. Recently, the price of propylene raw material had been rising, and the price of liquid chlorine raw material was relatively stronger, but the cost support was limited for the market. Downstream devices had reduced their load, and the demand side lacked follow-up power for propylene oxide, putting pressure on inventory. Enterprises had a strong shipping sentiment, and the focus of negotiations in the propylene oxide market had weakened.

According to the commodity market analysis system of SunSirs, the price of raw material propylene had fluctuated and risen narrowly since late May, which had limited support for the propylene oxide market.

Market outlook

SunSirs' propylene oxide analyst believes that the demand side dominated the market, insufficient downstream purchases gas was insufficient and was mainly wait-and-see. It is expected that in the short term, the propylene oxide market may experience a narrowly weaker consolidation, and more attention needs to be paid to changes in raw material propylene prices.

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