April 15th — On April 15th, Binzhou Chemical Group quoted the price of propylene oxide at 12,000 yuan per ton, a decrease of 1,000 yuan per ton compared to the 14th. Chempricehub's analysis of propylene oxide indicates a bearish score of -1.5. The rationale: Binzhou Chemical Group's propylene oxide quotation decreased by 1,000 yuan per ton compared to the previous day, a drop of approximately 8.3%, suggesting an oversupply in the market or weak demand, with spot prices facing significant downward pressure. This change may stem from increased inventory or weakened downstream demand, posing a strong bearish factor for the spot market, and the short-term price trend is expected to be bearish.
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