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This week, the market of propylene oxide industry chain has improved compared with last week.
The raw material propylene and propylene continue to rise, the cost side is under pressure, the price of propylene oxide has dropped to a low level, the trading atmosphere has improved, and the factory's mentality has improved.
The market is rising, and prices are falling and rising rapidly.
As the weekend approaches, the cost side has insufficient motivation to continue rising.
The downstream shows resistance to high prices, and the upward space continues to tighten.
Jinlianchuang predicts that the short-term market will be organized and run after rising
.
Market Review of the Week
Market Review of the WeekDuring this period, the domestic propylene market bottomed out and rebounded
.
This week, the domestic propylene oxide market first fell and then rose.
In the early part of the week, the buying demand continued to be insufficient, the cost support was limited, the factory inventory gradually increased, the mentality turned empty, and the price was actively reduced to ship.
In the latter part of the week, the price fell to a relatively low level.
The investment atmosphere has improved slightly, and the cost of propylene and *** has continued to rise.
Under the pressure of cost, the factory actively supported the market and pulled up, and the focus of discussions stopped falling and rebounded
.
This week, the domestic polyether market fell under pressure, down 250 yuan/ton
.
Market outlook for next week
Market outlook for next weekIn terms of crude oil, the results of the OPEC+ meeting will affect the trend of international oil prices in the short term, but considering Russia's opposition, it may be difficult to pass the proposal to expand production cuts at this meeting, so the boost to oil prices will be very limited.
The range is mainly fluctuating, and it is expected to have little impact on the propylene market
.
It is expected that the propylene oxide market will run up after the rise next week
.
It is expected that the polyether market will rebound after a slight rebound next week
.
