1、 Price trend of propylene oxide

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

2、 Market analysis

According to the data of the business club’s block list, as of March 12, the average quotation price of propylene oxide enterprises was 19933.33 yuan / ton, up 3.28% compared with the beginning of the week, 18.65% compared with February 12, and 133.59% compared with the same period last year.

The market of propylene oxide is rising this week. At present, the price of raw propylene is rising, the factory inventory is not under pressure, and the overall supply is tight, which forms support for the market. The downstream procurement remains stable, and the price support mentality of the commodity holders is not reduced, which promotes the continuous rise of propylene oxide price. At present, the mainstream quotation of propylene oxide Market in Shandong is around 19300-19800 yuan / ton.

Upstream propylene, as of March 11, Shandong propylene market prices continue to be stable. According to the price chart of the business society, affected by the upstream and downstream, the propylene price rose again and again in the second half of February, which was at a high level for many years. At the end of the month and the beginning of the month, the propylene price remained stable. On the 4th, the propylene price began to decline, and on the 8th, the propylene price rose by 150-250 yuan / ton in two days. After that, the propylene price became stable. At present, the market transaction is between 8450-8650 yuan / ton, and the mainstream price is about 8450 yuan / ton.

Downstream propylene glycol, According to the monitoring data of the business community, as of March 11, the reference price of domestic industrial grade propylene glycol was 16166 yuan / ton, which was 743 yuan / ton higher than that on March 1 (15433 yuan / ton), an increase of 4.75%; the downstream soft foam polyether market in Shandong Province was temporarily stable on March 12, and the cost side still has support, but the new order buying gas has weakened, and the current situation in Shandong Province is relatively stable The mainstream price of ordinary soft foam polyether market in the district is around 19600-20000 yuan / ton.

3、 Future forecast

Business community propylene oxide analysts believe that at present, the upstream propylene price is rising, the raw materials are boosting, and the supply and demand side performance is still stable. It is expected that the propylene oxide market will mainly run at a high level in the short term, and the specific trend still needs to pay attention to the market information guidance.