According to Baichuan Yingfu, the propylene oxide market consolidated at a high level today, with mainstream manufacturers in Shandong and East China raising their quotations by 400-500 yuan/ton compared to the previous working day.

At present, mainstream ex-factory negotiations in Shandong are around 8,550-8,600 yuan/ton, and mainstream spot cash delivery prices in East China are around 8,600-8,800 yuan/ton. After a significant surge in the domestic propylene oxide market over the weekend, it has gradually returned to a stable trend. Supply within the market remains steady, and overall sales atmosphere has somewhat weakened. On the raw material side, propylene is supported by crude oil, maintaining relative strength and firmness, with a slight upward trend over the weekend. However, downstream acceptance of high-priced raw materials is currently low, leading to reduced purchasing and ongoing fundamental pressure in the market. In the short term, it is expected that the propylene oxide market may fluctuate; continuous attention should be paid to changes in upstream and downstream supply and demand, and feedback from new orders.