Price Trend

According to the data of business associations, the market price of propylene oxide has risen this week. At present, the mainstream price of propylene oxide in China is 10400-11050 yuan/ton, which is 3.23% higher than that at the beginning of the week and 8.31% higher than that on August 1.

II. Analysis of Influencing Factors

Product: Propylene oxide market prices rose this week. Affected by typhoons and rainstorms, some propylene oxide plants are downloaded, parked, low inventory, no pressure on manufacturers to move goods, mainstream factory prices are firm, quotations are mostly raised, and market intentions are obvious. The cash delivery price of Wanhua Chemistry Shandong Mainstream Market was 10750 yuan/ton on 16th, and that of East China Mainstream Market was 11050 yuan/ton. At present, the mainstream quotation of propylene oxide Market in East China is around 10750 yuan/ton, which is remitted to the factory; the mainstream quotation of propylene oxide Market in Shandong is around 10500 yuan/ton, which is remitted to the factory; and the mainstream quotation of propylene oxide Market in North China is around 10400 yuan/ton, which is remitted to the factory.

Industry Chain: The market price of propylene in Shandong upstream rose this week. Prices of propylene enterprises in Shandong Province maintained stable in early August, declining continuously from 5 to 8 days, totaling 450-500 yuan/ton, rising from 14 days to 14 days, and stabilizing from 15 days. Currently, the market turnover is about 7650-7800 yuan/ton, and the mainstream price is about 7700 yuan/ton. Downstream polyether market to digest high-priced raw materials is still weak, propylene oxide is mostly just needed to purchase, digestion inventory is the main.

3. Future market forecast:

Propylene oxide analysts believe that rising propylene prices in the upstream have a certain cost support for propylene oxide, and narrowing supply side is an important factor in the rise of propylene oxide, but downstream factories are under pressure to purchase, and terminal demand is weak to follow up. It is expected that the market of propylene oxide will be dominated by high-level finishing operation next week. The key point is still to pay close attention to the main plant.