SunSirs: Propylene Oxide Prices Rose, and the Atmosphere Remained Positive

https://www.chemnet.com   Jul 17,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 16th, the average price of propylene oxide in the domestic market was 8,945.00 RMB/ton, an increase of 0.17% compared to last Thursday (July 11th).

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that the propylene oxide market had been rising recently. As of July 16th, the mainstream price reference for propylene oxide in Shandong's market was around 8,600-8,700 RMB/ton.

Analysis of Factors Influencing Market Trends:

On the cost side: Recently, the price of raw material propylene had fluctuated narrowly and weakly, and the price of raw material liquid chlorine had risen slightly. The cost side continued to support the propylene oxide market.

Supply and demand side: In recent times, there had been fluctuations in individual devices, with an increase in new orders for downstream polyether. The demand side had also improved, leading to an improvement in the shipping atmosphere for enterprises. The focus of negotiations in the propylene oxide market had shifted upwards. With the rise in prices, downstream procurement attitudes were cautious, with a focus on observing and following up appropriately.

Market outlook

SunSirs' propylene oxide analyst believes that short-term market cost support still exists, and there is currently no pressure on supply side inventory. Downstream stable follow-up is the main trend, and it is expected that the propylene oxide market may be stable and rise in the short term. More attention should be paid to market news guidance.

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

 Print  |    add to Favorites  |    Close