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Home - News - Downstream Mentality Was Cautious, and Propylene Oxide Market Was Stagnant

Downstream Mentality Was Cautious, and Propylene Oxide Market Was Stagnant

May 23, 2024

Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 21st, the average price of propylene oxide in the domestic market was referenced at 9,225.00 RMB/ton, which was basically unchanged compared to last Friday's price.

Analysis review

Recently, the propylene oxide market had been stagnant and wait-and-see. Recently, the price of propylene raw material had slightly increased, while the price of liquid chlorine raw material was narrowly weaker, with average cost support. Part of the equipments on the supply side fluctuated, and inventory pressure was temporarily controllable, supporting the mentality of the industry. However, downstream customers had a strong cautious and wait-and-see attitude towards high-level delivery, and they followed up with the demand in moderation. Holders mainly shipped according to the market.

According to the commodity market analysis system of SunSirs, the reference price for propylene on May 20th was 6,788.60 RMB/ton, a decrease of 0.18% compared to May 1st (6,800.60 RMB/ton).

Market outlook

SunSirs' propylene oxide analyst believes that short-term cost support may be limited, and supply side pressure is not significant for the time being. However, under the expectation of incremental growth, downstream wait-and-see sentiment is gradually increasing. It is expected that in the short term, the propylene oxide market may remain stagnant and operate on a wait-and-see basis, and more attention should be paid to market news guidance.