April 13 China Propylene Oxide Price Trend Analysis

April 14 news

According to SpotCom data, on April 13, the 10-day moving average of propylene oxide was above the 20-day, 30-day, and 60-day moving averages, but the distance to the 20-day moving average narrowed, indicating a weakening of the upward momentum.

According to Spotcom data, it can be seen from the five price levels of propylene oxide that the current prices of propylene oxide are all at a high level (10-day, 20-day, 30-day, 60-day, 90-day, and one-year positions), and they are in a state of super increase over the year in China.

Combining the above two indicators, although the current price of propylene oxide in China is on an upward trend, its position within the cycle is at a high level, indicating that the room for further price increases is limited. It is recommended to operate with caution, either by buying in small quantities or maintaining a wait-and-see attitude.