1、 Price trend of propylene oxide

(Figure: p-value curve of propylene oxide product)

2、 Market analysis

According to the data of the business club’s block list, as of January 28, the average quotation price of propylene oxide enterprises was 17133.33 yuan / ton, flat compared with the previous trading day, flat compared with the beginning of the week, down 7.89% compared with December 28, 2020.

At the beginning of the week, there was no delivery pressure on the factory as a whole, but the feedback from the downstream was general, the market was temporarily stable, and there was a strong wait-and-see atmosphere. At present, the inventory pressure of the factory was not big, and the market supporting mentality still existed. The main factories kept their offer stable, but the downstream resisted high prices, and the price depressing sentiment was common. The supply and demand sides played a game, and the market continued to sort out and wait-and-see. At present, the mainstream quotation of propylene oxide Market in Shandong was 16800-16900 Near.

Upstream propylene, on January 27, Shandong propylene market price is still down. According to the price chart of the business society, the propylene price fell all the way at the end of December. It began to rise on New Year’s day, and increased by about 100 yuan / ton on the 4th. Later, it was stable or rose, and generally rose in a ladder shape. This month, it has risen by about 250-300 yuan / ton, and began to decline continuously on the 21st. Today, it is down again by 100-150 yuan / ton. The market transaction is between 6900-7450 yuan / ton, and the mainstream price is 6900-7000 yuan / ton. At present, the inventory pressure of manufacturers is too high, and the shipment situation is general.

As for downstream propylene glycol, according to the monitoring data of the business community, as of January 27, the reference factory price of domestic industrial grade propylene glycol was 13333.33 yuan / ton, up 0.25% compared with last Thursday (January 21) and 17.65% compared with the beginning of the month; for downstream flexible foam polyether, on January 28, the market of flexible foam polyether in Shandong was temporarily consolidated, and the price of raw material propylene oxide was temporarily stable, and the downstream just needs to follow up, Business and so on fall wait-and-see, stock up before the general atmosphere.

3、 Future forecast

Business community propylene oxide analysts believe that the recent upstream propylene price reduction has little impact on the cost of propylene oxide price, and the main factories keep the stable offer. However, the downstream companies are cautious against high prices and maintain just need to purchase. It is expected that the propylene oxide market may be deadlocked in the short term, and the specific trend still needs to pay attention to the market information guidance.