According to the monitoring data of the business community, as of September 26, the average price of propylene oxide enterprises was 10066.67 yuan/ton, which was 1.00% higher than that of last Tuesday (September 20), 11.85% higher than that of August 26, and 7.65% lower than that of last three months.
Recently (9.20-9.26), the market of propylene oxide has risen slightly. In the near future, the raw propylene market has been generally stable, with some support on the cost side. On the 20th, the downstream was mainly cautious. As the downstream polyether orders rebounded, factory shipments improved, inventory pressure eased, and the market quotation rose slightly. On the 26th, the market atmosphere was general, and the downstream just needed to follow up. The mainstream quotation of the propylene oxide market in Shandong was around 9800-9900 yuan/ton.
The upstream propylene, according to the data monitoring of the business community, on September 23, the reference price of propylene was 7430.60, up 4.65% compared with September 1 (7100.60).
The downstream propylene glycol, according to the monitoring data of the business community, the reference price of propylene glycol was 10000.00 on September 23, an increase of 8.11% compared with September 1 (9250.00).
The propylene oxide analysts of the business community believe that at present, the raw propylene has been consolidated and operated, the cost support still exists, the supply side inventory has been slightly accumulated, the pressure is not great, and the demand side is light. It is expected that in the short term, the propylene oxide market will be weak, and more attention should be paid to the market interest consumption guidelines.