According to the monitoring data of the business community, as of December 16, the average price of propylene oxide enterprises was 9212.50 yuan/ton, 0.55% higher than the price on Tuesday (December 13), and 0.82% higher than the price on December 1.

The propylene oxide market rose slightly this week. The market price of raw propylene rose slightly this week, and the cost support was strengthened. On Tuesday, the factory shipped better, the inventory pressure eased, and the downstream kept following up moderately. The market operated at a constant price without pressure. On the 16th, the mainstream quotation of propylene oxide market in Shandong was around 8900-9000 yuan/ton.

For upstream propylene, the domestic propylene (Shandong) market rose this week. According to the data monitoring of the business community, the reference price of propylene on December 15 was 7634.60, up 1.44% compared with December 13 (7524.60).

The propylene oxide analysts of the business community believe that the current cost support is still there, the supply side is not under pressure, supporting the market price mentality, and the demand side is mainly wait-and-see. It is expected that in the short term, the propylene oxide market will be stable and strong, and more attention should be paid to the market news guidance.