(Picture: Propylene Oxide Product P Value Curve Source: SunSir Commodity Analysis System)
According to the monitoring data of SunSirs, as of July 26, the average price of propylene oxide enterprises was 9326.67 yuan/ton, which was 4.18% lower than that of last Thursday (July 21) and compared with that of June 26. The daily price fell by 14.43% compared to the same period, and the three-month period fell by 20.06% year-on-year.
The recent (7.21-7.26) propylene oxide market has fallen. Recently, the raw material propylene market fluctuated and fell, the cost support was average, and some devices were reduced, but the excess inventory was under pressure, and the downstream reduction followed up cautiously. On the 26th, the mainstream quotation of propylene oxide market in Shandong fell to around 7,900-8,000 yuan/ton.
Upstream propylene, according to SunSirs monitoring data, on July 25, the reference price of propylene was 7314.60, a decrease of 4.77% compared with July 1 (7680.60).
Downstream propylene glycol, according to SunSirs monitoring data, on July 25, the reference price of propylene glycol was 8933.33, a decrease of 24.72% compared with July 1 (11866.67).
Propylene oxide analysts at SunSirs believe that the current price of propylene oxide is low, the cost side is under pressure, some devices on the supply side have dropped negatively, the demand side has increased, and the market sentiment has picked up. It is expected that in the short term, epoxy The propane market may stop falling.
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