1、 Price trend of propylene oxide

(Figure: P value curve of propylene oxide product)

2、 Market analysis

The market of propylene oxide rose sharply in September. As of September 28, the average price quoted by propylene oxide enterprises was 18733.33 yuan / ton, an increase of 37.07% compared with September 1, and an increase of 85.48% over the same period of three months.

In the first half of September, the market of propylene oxide was strong and upward. On the 15th, the average price quoted by propylene oxide enterprises was 15466.67 yuan / ton, which was 13.17% higher than that on the 1st day (13666.67 yuan / ton). The main reasons for the increase were that there was no accumulation of propylene oxide plants, the downstream transmission was positive, the volume price follow-up was stable, the market trading was smooth, and the main offer continued to rise.

The propylene oxide market continued to rise in the second half of September. As of the 28th, the average price quoted by propylene oxide enterprises was 18733.33 yuan / ton, which was 18.57% higher than that on the 16th (15800 yuan / ton). The main reason for the rise was the growth of terminal demand, the continuous shortage of propylene oxide supply and the continuous rise of the market. At present, the inventory of propylene oxide plant is still under no pressure, the holiday is approaching, and the market trading rhythm is slowing down. However, the main downstream still maintains stable procurement, and the market continues to rise. On the 28th, the mainstream quotation of propylene oxide Market in Shandong was around 18300-18700 yuan / ton.

Upstream propylene, as of September 28, the market price of propylene in Shandong was almost stable. According to the price chart of the business agency, since September 1, the price of propylene has been rising all the way, and the upward range is getting bigger and bigger. Up to the fourth day, the total price rose by 300 yuan / ton. From the seventh to the tenth, the first round of downward adjustment occurred, with a total reduction of 100-150 yuan / ton. After that, it was slightly stable. From the 13th, the price went up again, up 350 yuan / ton on the 17th. On the 17th, the price remained stable, and the price decreased slightly on weekends On the 21st, some enterprises went down 50-100 yuan / ton, and from Monday 21, the prices were generally stable. On the 24th, the prices of individual enterprises began to decline slightly, and on the 25th, the prices of some enterprises showed a slight upward trend. Today, the prices of enterprises have hardly moved. The market transaction is still between 7300 and 7650 yuan / ton, and the mainstream price is still around 7450 yuan / ton. Most propylene manufacturers have controllable inventory.

According to the price monitoring data of downstream n-propanol, as of September 28, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11366.67 yuan / T, down 3.12% compared with the price at the beginning of the month; the overall market price of propylene glycol in downstream was stable in September. According to the monitoring data of business agency, as of September 28, the average ex factory price of domestic propylene glycol was in reference Compared with the price at the beginning of the month, the price of ke9166.67 yuan / ton increased by 17.52%; as of September 27, the downstream soft foam polyether market was in consolidation and operation, the price of raw material propylene oxide was high, the cost support was strong, and the downstream was resistant to the high price. The new order was followed up and reduced, but there was still a small amount of stock, and the transaction was OK.

3、 Future forecast

The propylene oxide analysts of the business agency believe that the recent high price of raw material propylene, propylene oxide plant inventory is still not under pressure, the holiday is approaching, downstream just need to purchase, high wait-and-see sentiment is strong, it is expected that in the short term, the propylene oxide market will be mainly high-level wait-and-see operation, and more attention should be paid to the market information guidance for the specific trend.