According to the monitoring data of business agency, as of March 22, the average price of propylene oxide enterprises was 12033.33 yuan / ton, down 0.69% from last Wednesday (March 16), up 1.69% from February 22, and down 10.20% year-on-year in a three-month cycle.

Recent propylene oxide Market Volatility finishing. Recently, the price of raw material propylene has declined, the cost support has gradually weakened, a number of units on the supply side have reduced the negative operation, and the demand side is cold. In addition, the logistics in some regions is limited, and the market is weak and deadlocked. At present, the manufacturer’s inventory pressure is controllable, the demand has gradually recovered, the market atmosphere is acceptable, and the price focus has moved upward. On the 22nd, the mainstream quotation of propylene oxide Market in Shandong is around 11700-11800 yuan / ton.

For upstream propylene, on March 21, the reference price of propylene was 8259.00, a decrease of 2.07% compared with March 1 (8433.83).

For downstream propylene glycol, on March 21, the reference price of propylene glycol was 14700.00, a decrease of 8.32% compared with March 1 (16033.33). On the 21st, the domestic propylene glycol market was stable and weak, running downward, logistics and transportation were limited, propylene glycol shipments were not smooth, and new orders were limited.

The propylene oxide analyst of business society believes that the current raw material propylene price is weak and the cost support is limited. At present, the supply side supports the market and the demand gradually recovers. It is expected that the propylene oxide market may wait and see the strong operation in the short term.