According to the data of the business club’s block list, as of July 12, the average price of propylene oxide enterprises was 16033.33 yuan / ton, up 2.39% compared with last Monday (July 5), up 13.71% compared with June 12, and down 12.07% year on year in a three-month cycle.

In June, the overall trend of propylene oxide market fell by 4.90%, and the overall trend of the market first fell and then rose. In July, propylene oxide continued the rising trend in late June and rose slowly. At the beginning of last week, the manufacturers of propylene oxide had no pressure, the orders of downstream polyether increased steadily, and the market price was rising. The middle and lower reaches just need to follow up steadily, and the market was pushed up without pressure. At present, the market supply is tight, the downstream follow-up performance is positive, and the market continued to rise. On the 12th, the main quotation of propylene oxide Market in Shandong was around 15200-15300 yuan / ton.

For upstream propylene, Shandong propylene market fluctuated and went down (7.5 ~ 7.9) this week. According to the data of business club’s block list, the domestic propylene (Shandong) market went down slightly this week, with the market at 7804 yuan / ton at the beginning of the week and the average price at the weekend of 7796 yuan / ton, down 0.1%.

According to the monitoring data of the business community, the reference price of propylene glycol on July 9 was 16433.33, up 2.28% compared with July 1 (16066.67); For downstream soft foam polyether, on July 12, the market price of soft foam polyether in Shandong rose, the market price of raw material propylene oxide rose, the cost support was strengthened, and the market spot supply was short-term tight, the market price rose. At present, the mainstream quotation of common soft foam polyether in Shandong is around 15700-16000 yuan / ton.

Business community propylene oxide analysts believe that, overall, the current cost side has little impact, the market supply is tight, downstream just need to follow up actively, manufacturers are not under pressure, it is expected that in the short term, the propylene oxide market may rise steadily, more specific trends still need to pay attention to market information guidance.