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At the beginning of the fourth quarter, Propylene Oxide price rose slightly on the back of stable consumption levels amid the rise in inflation rates. Then the price trend shifted, and product prices started decreasing in the North American region. From the mid-quarter onwards, the feedstock Propylene prices decreased on the back of firm inventory levels and a reduction in WTI Crude oil prices. Production rates remained firm, and due to this; production costs of Propylene Oxide decreased. The prices declined till the end of Q4. The product offtakes also plunged from the mid-quarter and remained low till the end of quarter 4. At the end of Q4 2022, Propylene Oxide prices in the USA settled at USD 1620/MT.

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