1、 Price trend of propylene oxide

(Figure: p-value curve of propylene oxide product)

2、 Market analysis

The market of propylene oxide has been strong recently. According to the data of business news agency’s block list, as of December 29, the average quotation price of propylene oxide enterprises was 18666.67 yuan / ton, up 4.48% compared with last Tuesday (December 22) and down 2.27% compared with November 29. Recently, the load of some Po plants is low, the supply tension situation continues, the manufacturers have no pressure, the inventory in the middle and lower reaches is low, the just need replenishment is stable, the manufacturers’ attitude of supporting the market still exists, and the new single offer continues to rise. At present, the mainstream quotation of propylene oxide Market in Shandong is around 18500-18600 yuan / ton.

Upstream propylene, December 28, Shandong propylene market prices continued to decline. According to the price chart of the business community, propylene prices rose continuously in late November, with an increase of over 12%. From the end of the month to the beginning of the month, the price remained stable again, with an overall upward trend on the 4th. From the 3rd to the 8th, the price rose by about 450 yuan / ton, up 5.90%. On the 9th, the price remained stable. On the 10th, individual enterprises made up for it, while some enterprises fell slightly. From the 11th to the 14th, the price dropped by 200-250 yuan / ton. From the 15th to the 23rd, the price rose slightly, mainly stabilized. On the 24th, it began to decline again, and continued to decline by 100 yuan today/ At present, the market turnover has dropped to 7450 ~ 7800 yuan / ton, and the mainstream price is 7500 yuan / ton. Now the manufacturer has a little more inventory, and the shipment is cold.

The downstream propylene glycol, according to the monitoring data of the business community, as of December 28, the factory price of domestic industrial grade propylene glycol reference 11333.33 yuan / ton, increased by 1.49% compared with last Tuesday (December 22); the downstream soft foam polyether, on December 29, the market price of soft foam polyether in Shandong rose, the price of raw material propylene oxide rose, the pressure of soft foam polyether rose, and the downstream was in conflict with high price raw materials Mood, new single buy gas general, more cautious wait-and-see.

3、 Future forecast

Business community propylene oxide analysts believe that the overall supply of propylene oxide is tight, the downstream just need to follow up is relatively stable, and manufacturers have no pressure. It is expected that in the short term, the propylene oxide market will mainly run at a high level, and more attention should be paid to market information guidance.