On February 18, the market of propylene oxide was stable temporarily

1、 Price trend of propylene oxide:


(Figure: p-value curve of propylene oxide product source: business and social commodity analysis system)



2、 Market analysis:


Product: the market of propylene oxide was stable on February 18. The factory actively digested the inventory, some main factories shut down and reduced the load, the purchasing power of downstream polyether for propylene oxide was fair, and the terminal demand was slowly recovering. According to the data of the business club’s large list, the average price of propylene oxide enterprises as of the 18th day was 8666.67 yuan / ton, which was the same as that of yesterday. It fell 12.16% in three months and 18.62% in half a year. On the 18th, cash delivery price of Shandong mainstream market of Wanhua chemical was 8800 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 8500-8600 yuan / ton, that in Shandong is around 8400-8500 yuan / ton, and that in South China is around 8300-8500 yuan / ton. On the 18th, the main quotation of propylene oxide market was around 8600-8800 yuan / ton.


Industrial chain: on February 18, the market price of upstream propylene in Shandong continued to rise. At present, the market turnover is about 6000-6500 yuan / ton, and the mainstream price is 6000-6000 yuan / ton. There are still many units in the upstream to be shut down for maintenance, and the propylene output is relatively small. However, the terminal manufacturers have started to return to work one after another, the logistics and transportation have also recovered, and the demand for propylene has increased slightly, so it is expected that the market price of propylene will still be increased in recent days.



3、 Future forecast:


According to the propylene oxide analyst of the business club, the price of raw propylene has rebounded in the near future, with some support on the cost side. It is expected that in the short term, the epichlorohydrin market will be dominated by stalemate finishing and operation, and more attention should be paid to the information guidance on the burden raising of early maintenance plants and logistics and transportation.