According to monitoring data from Business News Agency, as of March 29, the average price of propylene oxide enterprises was 10212.50 yuan/ton, a decrease of 1.09% compared to the price on March 1.

In March, the propylene oxide market rose first and then fell. In the first ten days, the price of raw material propylene fluctuated in a narrow range, and the price of raw material liquid chlorine was operating strongly, with limited cost impact. Some units were shut down for maintenance, and the supply side was low and pressureless, supporting the market price increase. The demand side remained on the sidelines to follow up. In the middle of the year, the price of raw material propylene fluctuated and fell, while the price of raw material liquid chlorine rose slightly, with little impact on the cost side. There were many fluctuations in the supply side devices, and the price was lowered under pressure from the factory inventory. Downstream buyers followed up cautiously, mainly on demand. In the second half of the month, the price of propylene fell first and then rose, while the price of raw material liquid chlorine declined, with weaker cost support. Supply side devices were mainly stable, with general shipments from factories in production. The market trading atmosphere was light, and the propylene oxide market was weak in consolidation and operation. Towards the end of the month, downstream purchasing sentiment was moderate, and the market was cautious and wait-and-see. Prices of some enterprises have been adjusted due to fluctuations.

According to the bulk list data of the business news agency, the reference price of propylene on March 28th was 7036.60, a decrease of 6.46% compared to March 1st (7522.60).

According to the propylene oxide analyst from the Business Agency, the current cost impact is limited, with stable supply side devices primarily, cautious downstream follow-up, and a light market atmosphere. It is expected that in the short term, the propylene oxide market may be in a weak position, and more attention needs to be paid to market news guidance.