Downstream stable follow-up, the price of propylene oxide continued rise

1、 Price trend of propylene oxide

 

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(Figure: P value curve of propylene oxide product source: Commodity analysis system of Business Club)

 

2、 Market analysis

 

Recently, the market of propylene oxide has risen sharply. As of November 19, the average price quoted by propylene oxide enterprises was 18733.33 yuan / ton, up 20.09% compared with last Thursday (November 12) and 1.23% lower than that on October 19, according to the data of the bulk list of business associations. Propylene oxide plants generally have no inventory, and the inventory of terminal raw materials is low, and downstream orders are delivered. The propylene oxide just needs to follow up and stabilize, which supports the market mentality of manufacturers. The negotiation of new orders is higher. At present, the mainstream quotation of propylene oxide Market in Shandong is around 18100-18600 yuan / ton.

 

Upstream propylene, November 18, the market price of propylene in Shandong area increased slightly. According to the price chart of the business agency, since November 1, the propylene price has dropped sharply at the end of October, and has risen by 200-250 yuan / ton on the 5th. After a short period of stabilization, the price dropped slightly by about 100 yuan / ton on August 9th and then stabilized again. On the 12th, it rose by 50 yuan / ton again and then fluctuated slightly. Today, it continues to be stable, with only a few enterprises rising slightly. At present, the market turnover is still at 6830-7200 yuan / ton The mainstream price is about 6850 yuan / ton.

 

As of November 18, the reference average price of domestic n-propanol including packaging in mainstream areas was 11466.67 yuan / ton, up 1.78% compared with November 1, according to the price monitoring data of business agency The downstream propylene glycol, according to the monitoring data of the business agency, as of November 19, the factory price of domestic industrial grade propylene glycol was 12466 yuan / ton, which was 33.57% higher than the price at the beginning of the month (9333.33 yuan / T); the downstream soft foam polyether market rose at a low level on November 19 in Shandong, and the raw material propylene oxide continued to rise, with strong cost support, and the downstream was in conflict with high price raw materials At present, the mainstream quotation of ordinary soft foam polyether market in Shandong is around 18700-19800 yuan / ton.

 

3、 Future forecast

 

The propylene oxide analysts of the business agency believe that at present, the inventory of propylene oxide plant is not under pressure, and the main middle and lower reaches maintain stable procurement. 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 news guidance for the specific trend.

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