1、 Price trend

According to the data of the business club’s bulk list, the market of propylene oxide has been running smoothly this week. As of January 10, the average price of propylene oxide was 9850 yuan / ton, which was the same as that at the beginning of the week and decreased by 2.80% compared with that on January 1. On the 10th, the main quotation of propylene oxide in China was 9800-9950 yuan / ton.

2、 Analysis of influencing factors

Product: the market of propylene oxide is running smoothly this week. In the near future, propylene oxide plant has been started stably, inventory is controllable, market supply and demand are balanced, and the quotation of enterprises in this cycle is mainly stable. The delivery price of cash in Shandong mainstream market of Wanhua chemical on October 10 was 9950 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 9900-10000 yuan / ton, that in Shandong is around 9600-9800 yuan / ton, and that in South China is around 9700-9800 yuan / ton.

Industry chain: recent (1.1-1.10) upstream propylene market in Shandong increased by 5.68%. At present, the market transaction has risen to about 7050-7300 yuan / ton, and the mainstream price is about 7050 yuan / ton. The Middle East event has shaken the international crude oil price. The shutdown of domestic and foreign dehydrogenation units has led to the shortage of propylene supply. Although the downstream operating rate has declined and the profit has decreased, the propylene market price may still rise in recent days. By the end of October, the trading atmosphere in the downstream soft foam polyether market was cold, and the market of hard foam polyether was on the sidelines. The downstream industry has been out of the market for vacation, and the demand has slowed down.

3、 Future forecast:

According to the propylene oxide analyst of the business news agency, the recent continuous rise of propylene as raw material has certain cost support for propylene oxide. The terminal industry has gradually entered the holiday mode, and the new downstream polyether orders have weakened. Under the positive shipping mentality of manufacturers, it is expected that in the short term, the propylene oxide market may be slightly weakened, and more attention should be paid to the downstream pre holiday stock demand.