SunSirs: The Propylene Oxide Market Remained Stable with a Slight Increase (July 17-23)

https://www.chemnet.com   Jul 24,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 23, the average price of propylene oxide in the domestic market was reference at 8,952.50 RMB/ton, an increase of 0.08% compared to last Wednesday's (July 17) price.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that the propylene oxide market has slightly increased recently. As of July 23rd, the mainstream price reference for propylene oxide in Shandong's market was around 8,700 RMB/ton.

Analysis of Factors Influencing Market Trends:

On the cost side: Recently, the price of raw material propylene has fluctuated narrowly, and the price of raw material liquid chlorine first fell and then rose. The cost side provided support for the propylene oxide market.

Supply and demand side: Some equipment maintenance and load reduction operations have led to an overall decrease in market supply, low inventory levels on the supply side, manufacturers were not pressured to support prices, downstream companies were mainly observing and following up appropriately, and the focus of negotiations in the propylene oxide market was stable with a slight increase.

Market outlook

SunSirs' propylene oxide analyst believes that short-term cost support continues, supply side pressure is temporarily controllable, and downstream follow-up is mainly wait-and-see. It is expected that in the short term, the propylene oxide market will remain strong and wait-and-see, 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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