According to the monitoring data of the business community, as of the noon of October 18, the average price of propylene oxide enterprises was 10066.67 yuan/ton, 2.27% lower than that on Friday (October 14), 0.98% lower than that on September 18, and 11.85% higher than that on a two month cycle.

From the perspective of supply and demand: in the near future, the supply side devices are mainly stable, the demand side performance is flat, the downstream bearish mentality is dominant, the procurement is cautious and wait-and-see, and the low volume follow-up is dominant. The factory shipments are flat, the inventory is gradually accumulated, and the price of propylene oxide is under pressure.

From the perspective of cost: raw propylene, the domestic propylene (Shandong) market has dropped significantly recently. According to the data monitoring of the business community, the reference price of propylene on October 17 was 7436.60, a decrease of 2.41% compared with October 1 (7620.60). Recently, the cost faced with the propylene oxide market has weakened.

To sum up, in the near future, the price of propylene as raw material is weak, coupled with insufficient demand side follow-up, which has dragged down the price of propylene oxide market. At present, the cost support is average, the inventory is under pressure, and the downstream 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.