According to Baichuan Yingfu, the propylene oxide market surged significantly today, with mainstream manufacturers in Shandong and East China increasing their quotations by 500-600 yuan/ton compared to the previous working day.

At present, the mainstream ex-factory negotiations in Shandong are around 9,200 yuan/ton, and the mainstream spot cash delivered prices in East China are around 9,200-9,300 yuan/ton. Due to the sharp rise in international oil prices caused by the situation in the Middle East, the price of raw material propylene has risen to a high level, and some plants continue to operate at reduced loads, so factory inventory pressure is not significant. Supported by strong cost factors and a firm pricing sentiment on the supply side, mainstream ex-factory prices have risen sharply. The downstream demand side is watching the market, making short-term prices more likely to rise than fall, and some buyers have gradually increased their procurement.