1、 Price trend of propylene oxide
(Figure: p-value curve of propylene oxide product)
2、 Market analysis
On February 24, the market of propylene oxide rose. According to the data of the business club’s block list, as of February 24, the average quotation price of propylene oxide enterprises was 18566.67 yuan / ton, up 0.72% compared with the previous trading day and 3.53% compared with January 24. At present, the propylene oxide manufacturers are still in a state of no pressure, the price support mentality still exists, most of the factory contracts are steadily promoted, the new order negotiation is higher and the feedback is smooth, the lower polyether level is high, and the wait-and-see mood increases.
Market price fluctuation of propylene oxide (unit: yuan / ton)
Region, 23rd price, 24th price
East China, 18400-18600, 18600-18800
Shandong Province, 18000-18300, 18200-18500
Upstream propylene, as of February 23, Shandong propylene market prices continue to rise. According to the price chart of the business club, the price of propylene declined all the way at the end of January, rose slightly at the end of the month, and then began to stabilize. On the 8th, the price of enterprises generally dropped by 50 yuan / ton, and then entered the Spring Festival holiday. Most of the first half of the period remained stable, while the second half (from February 15) showed a steady upward trend. The 18th was the first day of official work, and the price rose by 200 yuan / ton every day from the 21st, and even rose by 4 yuan on the 22nd After the Spring Festival, a total of more than 1000 yuan / ton has been raised. Now the market transaction has reached 8500 ~ 8550 yuan / ton, and the mainstream price is about 8500 yuan / ton.
Downstream propylene glycol, according to the monitoring data of the business community, as of February 23, the factory price of domestic industrial grade propylene glycol reference 14833.33 yuan / ton, increased by 12.66% compared with the price on February 18; downstream soft foam polyether, Shandong soft foam polyether market fluctuated at a high level on February 24, and the current cost support is still strong, but the downstream resistance to high price raw materials is gradually strong, the buying enthusiasm is declining, and the target price is low In the former Shandong area, the mainstream quotation of common soft foam polyether market was around 19100-19500 yuan / ton.
3、 Future forecast
Business community propylene oxide analysts believe that at present, with the rise of raw material prices and cost support, propylene oxide manufacturers are still under no pressure. The downstream polyether market is slowing down and propylene glycol is pulling up at the same time. It is expected that in the short term, the propylene oxide market will mainly run at a high level, and the specific trend still needs to pay attention to the market information guidance.
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