According to the monitoring data of business agency, as of June 28, the average price of propylene oxide enterprises was 10666.67 yuan / ton, down 8.31% compared with that on June 1, down 11.36% year-on-year in a three-month cycle, and down 27.93% compared with the same period last year.

The propylene oxide market fell in June. In the first half of the month, the raw material propylene fell, the cost support was insufficient, the supply side was stable, the factory inventory was controllable, and the downstream reduction was followed up. The market was gradually under pressure, and the price stalemate of propylene oxide weakened. In the second half of the month, the price of raw propylene fell, factory shipments were flat, and some units fluctuated, but the supply side was abundant, the downstream demand was light, the reduction and price reduction were followed up, the purchasing mentality was cautious, and the price of propylene oxide continued to decline.

Upstream propylene, according to the bulk list data of business society, on June 28, the reference price of propylene was 7738.25, a decrease of 4.24% compared with June 1 (8080.60).

Downstream propylene glycol, domestic propylene glycol fell in June. According to the monitoring data of business agency, as of June 28, 2022, the average ex factory price of domestic industrial propylene glycol was 12266 yuan / ton. Compared with the price on June 1, 2022 (the ex factory reference price of propylene glycol was 13533 yuan / ton), the average price was reduced by 1267 yuan / ton, a decrease of 9.36%..

The propylene oxide analyst of business agency believes that at present, the cost support is limited, the supply side has increased steadily, and the demand side support is still not strong. The market is cautious to wait and see. It is expected that in the short term, the propylene oxide market may be deadlocked and weakened, and more attention should be paid to the market news guidance.