SunSirs: The Propylene Oxide Market Was Operating Weakly (June 20-25)

https://www.chemnet.com   Jun 26,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of June 25th, the average price of propylene oxide in the domestic market was referenced at 8,932.50 RMB/ton, a decrease of 0.75% compared to last Thursday (June 20th).

Analysis review

Recently, the market for propylene oxide had declined. Recently, the price of raw material propylene had slightly rebounded after a decline, while the price of raw material liquid chlorine had fluctuated, providing some support for the cost side. Part of the equipment on the supply side fluctuated, and the demand side performed averagely. Downstream customers tended to adopt a wait-and-see attitude and followed the market with caution in procurement. Holders were under pressure to ship, resulting in a downward trend in propylene oxide prices.

According to the commodity market analysis system of SunSirs, the price of raw material propylene had slightly rebounded after a recent decline, which still provided support for the propylene oxide market.

Market outlook

The propylene oxide analyst from SunSirs believes that the cost support was still acceptable, and the supply side pressure was average. Downstream purchased mainly on demand, and the market had a strong wait-and-see atmosphere. It is expected that in the short term, the propylene oxide market may remain stagnant and operate, and more attention should be paid to market news guidance.

If you have any questions, please feel free to contact SunSirs with?support@SunSirs.com.

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