According to the monitoring data of business agency, as of August 20, the average price of propylene oxide enterprises was 16825 yuan / ton, down 1.17% compared with Monday’s price, down 8.93% compared with July 20 (the reference price of propylene oxide was 18475 yuan / ton), and up 27.46% compared with the same period last year.

The propylene oxide Market showed a downward trend as a whole this week. At the beginning of the week, the inventory pressure of propylene oxide plant was controllable, the mentality of supporting the market was still in place, the downstream follow-up was general, the market waited and waited, and the price was temporarily stable. With the continuous downturn of new downstream polyether orders, the purchase price of propylene oxide was reduced, the supply-demand game weakened, the market decreased slightly, and the market wait-and-see mood was strong. At present, the mainstream quotation of propylene oxide Market in Shandong is around 16300-16500 yuan / ton.

Upstream propylene, according to the bulk list data of business society, as of August 19, the reference price of propylene was 7759.45, an increase of 0.74% compared with Monday’s price. At present, the market price is mainly stable and the market trading atmosphere is general.

Downstream propylene glycol, according to the monitoring data of business society, as of August 19, the reference price of propylene glycol was 17366.67, down 0.57% compared with the price on Monday; For the downstream soft foam polyether, on August 20, the market situation of soft foam polyether in Shandong was weak, the shipment of enterprises was under pressure, and the atmosphere of inquiry and transaction was light. At present, the mainstream quotation of ordinary soft foam polyether in Shandong market is around 16100-16600 yuan / ton.

The propylene oxide analyst of business society believes that, in a comprehensive view, the current price of raw propylene is mainly stable, the impact on the cost side is small, the pressure on the supply side is still controllable, the demand side is weak, and the wait-and-see mood in the middle and lower reaches is aggravated. It is expected that the propylene oxide market may be weak in the short term, and the specific trend is more. We still need to pay attention to the downstream follow-up.