On January 16, Binzhou Chemical Group quoted the price of propylene oxide at 8,700 yuan per ton, an increase of 100 yuan per ton compared to the previous day. PriceSeek analyzed propylene oxide with a bullish-bearish score of 1. The spot price of propylene oxide rose by 100 yuan per ton to 8,700 yuan per ton, reflecting tight market supply and demand, which is favorable for the spot market. This price increase may be attributed to stronger downstream demand, such as from polyether, or cost support from upstream propylene. It is expected that prices will remain firm in the short term.
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