According to the monitoring data of the business community, as of November 23, the average price of propylene oxide enterprises was 9700.00 yuan/ton, 1.29% lower than that of last Friday (November 18), and 0.09% higher than that of November 1.
Recently, the propylene oxide market has been stuck in a stalemate, and the high-end prices of some enterprises have been lowered. From the perspective of cost, the market price of raw propylene has risen slightly recently, and the cost support is average. From the perspective of supply and demand, the supply side devices have partially recovered, the northern part has accumulated a little but the pressure is temporarily controllable, the downstream is mainly cautious, the purchasing atmosphere is weak, and the market trading is average. On the 23rd, the mainstream quotation of the propylene oxide market in Shandong was around 9150-9300 yuan/ton.
On November 22, the reference price of upstream propylene was 7306.60, up 3.84% compared with November 1 (7036.60).
The epoxy propane analysts of the business community believe that the current cost support is limited, the supply side shipment is fair, and the demand side is mainly wait-and-see. It is expected that in the short term, the epoxy propane market will be deadlocked, and more attention should be paid to the market news guidance.