1、 Price trend of propylene oxide

(Figure: P value curve of propylene oxide product)

2、 Market analysis

The market of propylene oxide fell on October 27. As of October 27, the average price quoted by propylene oxide enterprises was 18066.67 yuan / ton, down 1.81% compared with the previous trading day, and 1.63% lower than that of September 27. The start-up of Po manufacturers in Northeast China led to a short-term increase in Po supply and a strong sense of risk aversion and wait-and-see mood in the downstream. Manufacturers offered profits to ship goods, and the focus of market negotiation was lower. At present, the mainstream quotation of propylene oxide Market in Shandong is around 17600-17800 yuan / ton.

Upstream propylene, on October 26, the market price of propylene in Shandong continued to decline. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to hold steady, but fell about 200 yuan / ton from 17 to 19, a small range from 20 to 23, and an obvious downward trend appeared again at the weekend (October 24 and 25), and 200 yuan / ton on the 26th At present, the market turnover is between 7075 and 7300 yuan / ton, and the mainstream price is about 7100 yuan / ton. Now the pressure of shipment is increasing.

As of October 26, the reference average price of domestic n-propanol including packaging in mainstream areas was around 11266.67 yuan / ton, which was reduced by 167 yuan / ton or 1.46% compared with that on October 19 (average price was 11433.33 yuan). The downstream propylene glycol, according to the monitoring data of the business agency, showed that as of October 26, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11266.67 yuan / ton, which was 1.46% lower than that on October 19 (average price was 11433.33 yuan) As of October 27, the average ex factory price of domestic propylene glycol was 9366.67 yuan / ton, which was 2.18% higher than the price at the beginning of the month. For the downstream soft foam polyether, the market price of soft foam polyether in Shandong was lowered on October 26, the price of raw material propylene oxide fell, the cost support was weakened, the mentality of downstream enterprises to avoid risks was waiting to fall, the factory shipment was under pressure, and the offer was lower.

3、 Future forecast

Propylene oxide analysts of the business agency believe that the recent rise and fall of dual raw materials, abundant on-site cargo volume, and strong wait-and-see sentiment in the downstream. It is expected that in the short term, the propylene oxide market will be dominated by weak consolidation and operation, and more attention should be paid to the market news guidance for the specific trend.