According to the monitoring data of business agency, as of December 8, the average price of propylene oxide enterprises was 14600 yuan / ton, flat compared with December 1, down 12.92% compared with November 8, and down 10.61% year-on-year in a three-month cycle.

In the near future (12.1-12.8), the market price of propylene oxide is mainly stable. At the beginning of June, the price of raw propylene went down, the cost support was loose, and the downstream follow-up was slightly insufficient, but the factory inventory was low, supporting the price, and the market operated at a stable price. With the small rise in the price of raw propylene, the cost side was slightly supported, the factory inventory was still controllable, the demand side performance was cold, more cautious, and the market was in a stalemate, On the 8th, the mainstream quotation of propylene oxide Market in Shandong was around 14200-14300 yuan / ton.

For upstream propylene, on December 8, the price of propylene in Shandong was temporarily stable, and the mainstream offer of propylene in Shandong was 7550-7600 yuan / ton. The repair after the sharp drop of upstream oil price provides support for the rise of propylene, but the main downstream polypropylene market continues to fluctuate and weaken, the supply of propylene market is sufficient, the downstream demand is weak, and the contradiction between supply and demand still exists.

Downstream propylene glycol, according to the data monitoring chart of business society, on December 7, the domestic propylene glycol market was weak and downward. The average ex factory price of propylene glycol was 17233 yuan / ton. Compared with the previous working day, the average price was reduced by 400 yuan / ton, a decrease of 2.37%. On the 7th, the trading atmosphere in the domestic propylene glycol market was cold, and the downstream demand was cautious. The factory’s offer was adjusted downward and the center of gravity operated downward.

The propylene oxide analyst of business society believes that at present, the price of raw propylene has increased slightly, and the cost support has been strengthened slightly. Although the downstream procurement enthusiasm is not high, the factory pressure is temporarily controllable. It is expected that the propylene oxide market may be dominated by deadlock in the short term, and more attention should be paid to the market news guidance.