According to the monitoring data of business agency, as of May 30, the average price of propylene oxide enterprises was 11633.33 yuan / ton, which was 2.05% higher than that on May 1. It was flat year-on-year in a three-month cycle, down 31.70% compared with the same period last year.

The propylene oxide market rose slightly in May. In the first half of the month, the price of raw propylene fell after rising, and the cost support changed from strong to weak. Under the support of the cost side, in addition, most of the on-site devices operated at a slightly low load, the supply side decreased, the shipment was good, the price of propylene oxide rose, and the subsequent price was restrained by the cold demand side. In the second half of the month, the price of raw propylene gradually fell, and the cost support gradually weakened. During the maintenance of some manufacturers’ devices, the downstream purchase was reduced, and the manufacturers’ inventory was gradually under pressure. The price fell. In the last ten days, the supply side was mainly stable, and the inventory was slowly accumulated. However, the manufacturers’ multi inventory pressure was controllable, which supported the market mentality. The downstream demand was cold, and the market was in a stalemate after a small rise.

Upstream propylene market rose and fell in May. According to the bulk list data of business agency, in May, the domestic propylene (Shandong) market rose first and then declined. The overall market fell. At the beginning of the month, the market was 8414 yuan / ton, and the average price at the end of the month was 8070 yuan / ton, a monthly decline of 4.09%.

The monitoring data of downstream propylene glycol showed that on May 30, the reference price of propylene glycol was 13000.00, an increase of 15.04% compared with May 1 (11300.00).

According to the propylene oxide analysts of business agency, propylene is currently in a weak position, the price of liquid chlorine is high, and the cost is supported to a certain extent. The inventory in the northern market is mostly pressureless, which supports the price support mentality of manufacturers. The demand side is waiting to follow up. It is expected that the propylene oxide market may rise steadily in the short term, and more attention should be paid to the market information guidance.