According to the monitoring data of the business community, as of November 17, the average price of propylene oxide enterprises was 9700.00 yuan/ton, 0.26% higher than the price on Monday, and 1.39% higher than the price on November 1.

The propylene oxide market rose slightly this week. From the perspective of cost, the market price of raw propylene has fallen recently, and the cost support is insufficient. From the perspective of supply and demand: some units have fluctuated in the near future, the supply has shrunk for a short time, the factory shipments have been smooth, and the prices are not subject to pressure. The downstream follow up on demand, and the wait-and-see atmosphere is getting stronger. On the 17th, the mainstream quotation of the propylene oxide market in Shandong was around 9150-9300 yuan/ton.

On November 16, the reference price of upstream propylene was 7236.60, up 2.84% compared with November 1 (7036.60).

The propylene oxide analysts of the business community believe that the current cost support is average, and the supply side is not under pressure at present. However, under the expectation of supply increase, the downstream is mainly wait-and-see, and the market is cautious. It is expected that the propylene oxide market will be weak in the short term, so more attention should be paid to the market news guidance.