Propylene oxide market prices rose slightly on June 17

Price Trend

PVA 1788 (PVA BP17)

According to the price monitoring of business associations, as of June 17, the price of propylene oxide has risen slightly. At present, the mainstream price of propylene oxide in China is 9100-9500 yuan/ton, up 0.72% compared with last Monday.

II. Analysis of Influencing Factors

Products: Propylene oxide market prices rose slightly. Last week, the propylene oxide Market refreshed to a new low in the year, and the downstream market opened to replenish warehouses at a low level. The factory’s periodic shipment improved, and the main factory’s inventory digestion. On the 17th, the cash delivery price of Wanhua Chemistry Shandong Mainstream Market was 9200 yuan/ton, while that of East China Mainstream Market was 9500 yuan/ton.

PVA 1799 (PVA BF17)

Industry chain: The market price of upstream propylene in Shandong Province is generally stable. At present, the mainstream transaction in the market is still around 7300-7400 yuan/ton. Refineries still have no inventory pressure, and some propylene production enterprises have lower willingness to reduce prices due to equipment overhaul. The demand for polyether terminals is weak, and the new orders are not up to expectations.

3. Future market forecast:

The propylene oxide Market is expected to remain stable in the near future, according to the business association.