SunSirs: The Propylene Oxide Market Saw a Slight Increase in July

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

Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 29th, the average price of propylene oxide of enterprises was 8,962.50 RMB/ton, an increase of 0.25% compared to the price on July 1st.

Analysis review

The market price of ECH increased slightly in July. At the beginning of the month, the inventory pressure on the supply side was controllable, but downstream demand performance was mediocre, and the purchasing mentality was cautious and cautious, resulting in a weak market operation. With the narrow rebound of propylene oxide prices at a low level, market transactions were average and the market was stable. Entering mid July, individual devices experienced fluctuations, downstream polyether new orders increased, the shipping atmosphere of enterprises improved, and the focus of negotiations in the propylene oxide market shifted upwards. In late July, cost support still existed, supply side inventory was low, manufacturers had no pressure to raise prices, and downstream companies were mainly observing and following up appropriately.

Upstream propylene: According to the Commodity Market Analysis System of SunSirs, as of July 29th, the reference price of propylene was 7,098.25 RMB/ton, a decrease of 0.49% compared to July 1st (7,133.25 RMB/ton). The price of raw material propylene fluctuated slightly in July, which still provides sufficient support for the propylene oxide market.

Market outlook

SunSirs' propylene oxide analyst believes that there was temporarily no pressure on the supply side, and the market atmosphere was still acceptable. It is expected that the propylene oxide market will remain stable and stronger in the short term, 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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