Propylene Oxide (PO) prices remained steady globally following mid-May xxxx, as balanced-to-ample supply met muted downstream demand across key regions. Subdued market sentiment and cautious procurement behavior prevented significant price fluctuations.
In China, PO prices rose slightly post-holidays due to brief supply constraints from maintenance shutdowns and restocking needs. However, resumed operations at facilities like Exxon Huizhou and Zhejiang Zhenyang after holidays boosted output, stabilizing prices in Asia. Cheaper feedstock propylene, driven by increased availability, lowered production costs. Buyers remained wary, citing tariff uncertainties and weak end-user demand.
Market activity was generally restrained, with most transactions focused on short-term procurement. The anticipated startup of Guangxi Petrochemical’s new xxx,xxx TPA PO unit contributed to a subdued market tone.
Downstream demand from the end user construction sector stayed soft, with housing and infrastructure activity continuing to lag in the...
