According to the monitoring data of business agency, as of December 30, the average price of propylene oxide enterprises was 11100.00 yuan / ton, down 23.97% compared with that on December 1, and 35.96% year-on-year in a three-month cycle.

The propylene oxide market fell sharply in December. In the first ten days, the price of raw propylene fell first and then rose, with little impact on the cost side. The factory inventory was low, supporting the price. The demand side was cold and cautious, and the market was in a stalemate. In the middle of the year, the raw material propylene operated weakly, the cost support weakened, the factory inventory increased slowly, the downstream demand was cold, and the bearish mood was strong. With the decline of price, the factory shipment improved and the inventory was gradually digested, but the downstream follow-up was relatively general, the market continued to be stable and wait-and-see, and the market atmosphere was flat. In the last ten days of the year, the downstream purchase reduction followed up, the factory inventory was under pressure, and the propylene oxide Market decreased steadily. With the rise of the price of raw propylene, the cost support was gradually strengthened, the downstream purchase increased, and the factory’s short-term shipment improved, but the terminal was mostly cautious. On the 30th, the price decreased again under the pressure of factory inventory, On the 30th, the mainstream quotation of propylene oxide Market in Shandong was around 10650-10800 yuan / ton.

For upstream propylene, on December 29, the reference price of propylene was 7544.60, a decrease of 0.01% compared with December 1 (7545.50). On the 29th, the trend of propylene (Shandong) was stable and small, and individual enterprises adjusted slightly. The mainstream price of propylene in Shandong was 7550-7600 yuan / ton. The crude oil fluctuated upward, and the propylene price increased compared with that of last week under the boost of cost. However, the recent horizontal consolidation of mainstream downstream polypropylene made it difficult to significantly improve the propylene procurement.

On December 29, the reference price of downstream propylene glycol was 16833.33, a decrease of 6.13% compared with December 1 (17933.33).

The propylene oxide analyst of business society believes that at present, the price of raw material propylene is mainly stable, the cost side has certain support, the factory inventory is under pressure, the market atmosphere is weak, and the cautious wait-and-see mood is strong. It is expected that in the short term, the propylene oxide market may be dominated by weak consolidation, and more attention should be paid to the market news guidance.