According to the monitoring data of business agency, as of May 19, the average price of propylene oxide enterprises was 11533.33 yuan / ton, down 1.70% from Monday, 0.29% from April 19, and 5.21% year-on-year in a three-month cycle.
|Gamma Polyglutamic acid Gamma PGA|
Propylene oxide market fell this week. Recently, the market of propylene raw material is weak, the price of liquid chlorine raw material is down, the cost support is weakened, and some manufacturers at the supply end are in the process of plant maintenance, but the downstream procurement enthusiasm is not high, the purchase is reduced, the manufacturers’ shipment is poor, the inventory is gradually under pressure, and the price of propylene oxide is reduced. On the 19th, the mainstream quotation of propylene oxide Market in Shandong is around 10600-10700 yuan / ton.
For upstream propylene, on May 18, the reference price of propylene was 8560.60, an increase of 1.74% compared with May 1 (8414.60).
|Gamma Polyglutamic Acid|
According to the monitoring data of downstream propylene glycol, as of May 18, 2022, the average ex factory price of domestic industrial propylene glycol is 12200 yuan / ton. Compared with the price on May 14, 2022 (the ex factory reference price of propylene glycol is 11433 yuan / ton), the average price is increased by 767 yuan / ton, or 6.71%.
The propylene oxide analyst of business society believes that at present, the support of the cost side is general and the demand side is slightly incremental, but it is still cold and the support of supply and demand is insufficient. It is expected that the propylene oxide market may still be under pressure in the short term.