I. price trend
According to the data of the business club’s large list, the market of propylene oxide was stable as of November 25, with an average price of 10066.67 yuan / ton, which was the same as that of last Friday (22), and the mainstream price of propylene oxide in China was 9900-10400 yuan / ton on November 25.
PVA 1799 (PVA BF17) |
II. Analysis of influencing factors
Product: the market of propylene oxide was stable on the 25th. There is no pressure on the inventory of propylene oxide plant in Shandong Province, and the quotation is stable temporarily. However, there is resistance to the high price raw materials in the downstream, and the purchase is carried out on demand cautiously. On the 25th, the cash delivery price in Shandong mainstream market of Wanhua chemical was 10100 yuan / ton, and that in East China mainstream market was 10400 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 9800 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in Shandong is around 9800 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in South China is around 9600 yuan / ton, which is delivered by cash.
Industrial chain: Recently, the upstream propylene market has declined slightly in two consecutive rounds. Currently, propylene inventory is average, crude oil and PP market are beginning to maintain stability, but downstream units are partially reducing load, so it is expected that propylene market price will continue to decrease in recent days. On the 25th, the downstream polyether market was generally stable, and the trading atmosphere was tepid.
PVA 1788 (PVA BP17) |
3. Future forecast:
According to the propylene oxide analysts of the business club, the upstream propylene price fell and the cost support was weak. Although there was no pressure on the factory inventory for the time being, the downstream enthusiasm for purchasing high priced raw materials decreased. It is expected that in the short term, the propylene oxide market will be dominated by stalemate finishing operation.
http://www.barium-chloride.com |