The price of propylene oxide dropped slightly in November due to shocks

According to the monitoring data of the business community, as of November 29, the average price of propylene oxide enterprises was 9362.50 yuan/ton, down 2.13% from November 1.

In November, the propylene oxide market fluctuated, with the overall trend rising first and then falling. In the middle and early ten days, the raw propylene declined after rising, the cost pressure remained, some devices fluctuated, the supply shrank for a short time, the factory shipped smoothly, and the price was mainly raised without pressure. The downstream just needed to follow up carefully, and the market market rose slightly in shock. In the last ten days, the price of propylene as raw material rose slightly, the cost support was improved, the supply side devices were partially recovered, the northern part was slightly accumulated but the pressure was controllable, the downstream purchasing atmosphere was weak, and the market atmosphere was general. Near the end of the month, the downstream low volume just needed to follow up, and the market was weak.

Upstream propylene, according to the data of the block list of business cooperatives, the domestic propylene (Shandong) market performed generally in November, rising first and then operating in a narrow range. On November 28, the reference price of propylene was 7436.60, up 5.68% compared with November 1 (7036.60).

The downstream propylene glycol, according to the monitoring data of the business community, on November 28, the reference price of propylene glycol was 7900.00, a decrease of 2.47% compared with November 1 (8100.00).

According to the propylene oxide analyst of the business community, the raw propylene is running strongly at present, with some support on the cost side, and the supply side devices are temporarily stable, but the demand side is general, and caution is the main thing to follow. It is expected that the propylene oxide market will be weak and stable in the short term, and more attention should be paid to the market news guidance.