Morning Market Update: Propylene Glycol
International crude oil prices rose on geopolitical tensions. Propylene oxide supply remained ample, while downstream demand was weak. However, propylene...
International crude oil prices rose on geopolitical tensions. Propylene oxide supply remained ample, while downstream demand was weak. However, propylene...
Geopolitical tensions drove crude oil prices higher on Oct 22. Conversely, domestic Propylene Oxide (PO) and Dimethyl Carbonate (DMC) markets weakened due to...
PG prices fell ~1.5% due to softened demand despite stable supply and rising PO costs. Profit margins dropped significantly. Next week, PG is forecasted to...
On Oct 22, Shandong Hualu-Hengsheng lowered its industrial-grade dimethyl carbonate (≥99.98%) ex-factory price by 100 yuan/ton to 5,800 yuan/ton, as reported...
On Oct 21, crude oil prices mixed amid Middle East instability. The Propylene Oxide (PO) market lacked bullish support, with stable raw materials but weak...
Shandong DMC prices remained stable at 5,150 RMB/ton, with a slight decline in Northwest China. Market sentiment is weak due to low downstream demand and...
Crude oil prices declined on Oct 20 amid easing U.S.-Iran tensions. The propylene oxide market softened slightly with weak momentum and inventory buildup,...
PG prices softened in Shandong due to ample supply and weak demand, while East and South China remained stable. Raw material costs declined, with PO trending...
On October 19, Shandong Hualu Hengsheng reduced the ex-factory price of industrial-grade dimethyl carbonate (≥99.98%) by 100 yuan per ton to 5,900 yuan/ton, as...
Geopolitical tensions and the Russia-Ukraine war drove crude oil prices higher, boosting sentiment in the Propylene Oxide (PO) market despite initial declines....
