1、 Price trend of propylene oxide:

(Figure: P value curve of propylene oxide product)

2、 Market analysis:

Product: the average price of propylene oxide enterprises as of the 13th was 9200 yuan / ton, up 21.05% compared with that of last Friday (April 10), according to the data in the bulk list of business agencies. On the 13th, the main quotation of propylene oxide Market in East China was around 8400-8600 yuan / ton, and that in Shandong was around 9400-9600 yuan / ton. On April 13, the propylene oxide commodity index was 57.26, up 9.96 points from yesterday, down 43.41% from 101.18 (2011-10-26), the highest point in the cycle, and up 37.31% from 41.70, the lowest point on January 25, 2016. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on April 13, the market price of propylene in Shandong Province was generally stable, and some enterprises increased sharply to make up the increase trend, but most of them are mainly stable today. Last month, the price of propylene in Shandong Province fell in shock. At the end of the month, it fell sharply again, with a monthly decline of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton, on the second day, it still declined by 50 yuan / ton, on the third day, the price of some enterprises slightly increased by 50-100 yuan / ton, after the Qingming period, the price of propylene steadily increased, on the seventh day, it began to rise by 100 yuan / ton, on the tenth day, it rose by 200-300 yuan / ton, and on the 11th day of Saturday, it was generally increased by more than 1000 yuan / ton, on the 12th day of Sunday, it continued to soar by 1000-5000 yuan / ton, on Monday After the sharp rise on weekends, the market may need to be digested, and the price remained unchanged on the 13th. Some of the companies with the sharp rise suspended their quotation today, and now the market transaction is still between 8000-12000 yuan / ton. On the 13th, the downstream polyether market, under the pressure of cost, was based on rational wait-and-see, waiting for market correction.

Industry: according to the price monitoring of the business agency, on April 13, 2020, in the list of commodity prices, there are 26 kinds of commodities in the chemical sector, including 9 kinds of commodities with an increase rate of more than 5%, accounting for 10.3% of the number of commodities monitored in the sector; the top three commodities are propylene (58.56%), acetone (27.27%) and propane (24.94%). There are 13 kinds of commodities falling on a month on month basis, with 2 kinds of commodities falling by more than 5%, accounting for 2.3% of the number of commodities monitored in the sector; the top 3 products falling are butadiene (- 8.62%), hydrogen peroxide (- 6.64%), and R22 (- 2.80%). This day, the average rise and fall was 2.13%.

3、 Future forecast:

According to the propylene oxide analyst of the business club, the raw material propylene has skyrocketed, the cost of propylene oxide plant is under pressure, some plant units have load reduction, downstream end users are all in conflict with high price raw materials, the actual trading is slow, and there is a strong wait-and-see atmosphere in the field. It is expected that in the short term, the propylene oxide market will be dominated by wait-and-see consolidation, and more attention should be paid to market news guidance.