1、 Price trend of propylene oxide
(Figure: p-value curve of propylene oxide product)
2、 Market analysis
On March 25, the market of propylene oxide was stable. According to the data of the business club’s block list, as of March 25, the average quotation price of propylene oxide enterprises was 20100 yuan / ton, flat compared with the previous trading day, flat compared with the price at the beginning of the week, increased by 6.73% compared with the price at the beginning of the month, and increased by 142.17% compared with the same period last year. At present, the factory’s inventory is low, supporting the supplier to keep the price, but the downstream terminals are mostly weak and wait-and-see, the game between supply and demand continues, and the focus of market negotiation has no obvious fluctuation. At present, the mainstream quotation of propylene oxide Market in Shandong is around 19450-20000 yuan / ton.
Upstream propylene, as of March 24, Shandong propylene market prices still fell. 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. It was generally stable at the end of the month and the beginning of the month. The price began to decline on the 4th, and generally rebounded on the 8th. The price rose 150-250 yuan / ton in two days, and then generally stabilized. The price rose about 50 yuan / ton again on the 12th, and continued to rise 50 yuan / ton on the 15th, starting from the 16th Since the 18th, the price has entered the downward channel again, with a daily drop of 100-150 yuan / ton. Today, the price has declined by 50-150 yuan / ton. The current market transaction has dropped to 7800-8700 yuan / ton, and the mainstream price is 7800-7850 yuan / ton.
Downstream propylene glycol, according to the monitoring data of the business community, as of March 24, the factory price of domestic industrial grade propylene glycol was 16000 yuan / ton, down 1.44% compared with last Thursday (March 18); downstream soft foam polyether, on March 25, the soft foam polyether market in Shandong continued to decline. At present, the mainstream quotation of common soft foam polyether market in Shandong is around 18500-19000 yuan / ton.
3、 Future forecast
Business community propylene oxide analysts believe that the recent propylene oxide Market is still dominated by supply and demand, the supply and demand balance, the factory is still willing to support the market, but the middle and lower reaches of the weak wait mentality mainstream, coupled with the impact of new capacity launch news, it is expected that in the short term, the market price of propylene oxide may be loose, more specific trends still need to pay attention to market information guidance.
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