1、 Price trend of propylene oxide
(Figure: P value curve of propylene oxide product)
2、 Market analysis
On December 17, propylene oxide market rose. As of December 17, the average price quoted by propylene oxide enterprises was 17333.33 yuan / ton, up 1.96% compared with the previous trading day, 0.97% higher than that at the beginning of the month, and 2.07% lower than that of November 17, according to the data of the bulk list of business associations.
Most Po manufacturers in Shandong Province had a negative trend. The overall supply of the market was temporarily tight. The middle and lower reaches of the market maintained rigid demand for procurement. The factories were generally under no pressure, and the new single offer rose. At present, the mainstream quotation of propylene oxide in Shandong is around 17100-17200 yuan / ton.
Upstream propylene, on December 15, the market price of propylene in Shandong remained stable. According to the price chart of business agency, the price of propylene rose continuously in late November, increasing by more than 12%. From the end of the month to the beginning of the month, the price was stable again. On the 4th, the price rose by about 450 yuan / ton from the 3rd to the 8th, up by 5.90%. On the 9th, the price was fully stable. On the 10th, some enterprises made up for the increase, and some enterprises’ prices fell slightly. On the 11th, the price began to decline twice, and on the 14th, it had dropped 200-250 yuan / ton. Today, the price was mainly stable, and the market transaction was at 7 Between 850 and 8150 yuan / ton, the mainstream price is about 7900 yuan / ton. At present, the manufacturer’s inventory pressure is not big, the propylene plant shut down in the North has not been restored, and the shipment situation is ordinary.
For downstream propylene glycol, according to the monitoring data of the business agency, as of December 16, the factory price of domestic industrial grade propylene glycol was 10633.33 yuan / ton, which was 15.83% lower than the price at the beginning of the month. For downstream soft foam polyether, the market of soft foam polyether in Shandong Province rose on December 17, the price of raw material propylene oxide went up, the cost pressure increased, manufacturers’ offer passively followed the trend of positive shipping, At present, the mainstream quotation of common soft foam polyether market in Shandong is around 17200-17500 yuan / ton.
3、 Future forecast
The propylene oxide analysts of the business club believe that at present, the load of some production enterprises is not high, the inventory is low, and the middle and lower reaches just need to follow up. 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 the market information guidance.
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