1、 Price trend of propylene oxide:

(Figure: P value curve of propylene oxide product)

2、 Market analysis:

Product: the market of propylene oxide fell on March 11, according to the data in the bulk list of business agencies. The price of raw materials has declined, but the cost is still under pressure. The enthusiasm of downstream operation is not high. Just in need of purchasing, some factories are mainly active in shipping, the focus of negotiation has declined, and there is a strong wait-and-see atmosphere in the field. As of the 11th, the average price of propylene oxide enterprises was 8633.33 yuan / ton, down 1.15% compared with that of the 10th. In a half year cycle, it fell 16.72% year on year. On November 11, the cash delivery price in Shandong mainstream market of Wanhua chemical was 8800 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 8500-8700 yuan / ton, that in Shandong is around 8300-8400 yuan / ton, and that in South China is around 8400 yuan / ton. On the 11th, the main quotation of propylene oxide market was around 8300-8800 yuan / ton.

On March 11, the propylene oxide commodity index was 53.73, down 0.63 points from yesterday, 46.90% from 101.18 (2011-10-26), the highest point in the cycle, and 28.85% higher than 41.70, the lowest point on January 25, 2016. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on March 11, the market price of the upstream propylene in Shandong Province fluctuated slightly. At present, the market turnover is still 6500 ~ 6800 yuan / ton, and the mainstream price is 6500 yuan / ton. Influenced by the OPEC meeting in the past few days, the international crude oil has plummeted continuously. Today, influenced by the economic stimulus plan and the US manufacturers’ spending cuts, the US crude oil jumped another 8%. Moreover, due to the low production and inventory of propylene plants, the market supply is not rich, so the previous propylene market fell less. Today, it is expected that the price of propylene will remain stable for a short time, and the future market will be affected by crude oil It has a great impact. On November 11, the price of raw materials for downstream polyether fell, the cost side support weakened, the downstream industry recovered slowly, the market trading atmosphere was cold, and the decline continued.

Industry: according to the price monitoring of the business agency, there are 8 commodities in the list of commodity prices rising and falling on March 11, 2020, among which the top three commodities are liquid ammonia (2.50%), ammonium chloride (2.19%) and fluorite (0.99%). There are 19 kinds of commodities falling on a month on month basis, and 1 kind of commodities falling by more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top three products falling are ox (- 10.71%), hydrobenzene (- 4.05%) and acetone (- 4.00%). The average price of this day was – 0.37%.

3、 Future forecast:

According to the epoxypropane analysts of the business club, the price of raw materials has declined recently, but the cost of epoxypropane is still under pressure, and the demand side is weak. It is expected that in the short term, the market of epoxypropane will be mainly consolidated and wait-and-see operation, and more attention should be paid to the change of the price of raw materials and the transaction situation in the mainstream market.