Price Trend
The average price of propylene oxide as of Aug. 29 was 10,200 yuan/ton, which was the same as that of Aug. 28. The market was stable for the time being, up 3.73% compared with Aug. 1. Nowadays, the mainstream price of propylene oxide in China is 10000-10500 yuan/ton.
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II. Analysis of Influencing Factors
Product: Today’s propylene oxide Market is stable. Propylene oxide manufacturer inventory controllable, downstream on-demand procurement, stable market transactions. The cash delivery price of Wanhua Chemistry Shandong Mainstream Market was 10,200 yuan/ton on the 29th, while that of East China Mainstream Market was 10,500 yuan/ton. At present, the mainstream quotation of propylene oxide Market in East China is around 10,200 yuan/ton, which is remitted to Shandong; the mainstream quotation of propylene oxide Market in Shandong is around 9,950 yuan/ton, which is remitted to factories; and the mainstream quotation of propylene oxide Market in North China is around 9,800 yuan/ton, which is remitted to factories.
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Industry chain: The market price of upstream propylene in Shandong Province remained stable for most of 29 days. Prices of propylene enterprises in Shandong Province maintained stable in early August, declined continuously from 5 days to 8 days, and fell 450-500 yuan/ton. On 10 days, they began to rise again. On 14 days, they rose 200 yuan/ton. On 15 days, they stabilized. On 17 days, they began to decline sharply. On 3 days, they went 300 yuan/ton. On 20 days, they began to rise again, and on 22 days, they rose 150 yuan/ton. On the 23rd, it began to maintain stability, and fell 100-200 yuan/ton on the 27th-28th. Today, it is generally stable. At present, the market turnover is around 7400-7700 yuan/ton, and the mainstream price is about 7400 yuan/ton. Downstream polyether factories are mainly purchased on demand.
3. Future market forecast:
Propylene oxide analysts believe that today’s upstream propylene prices are mostly stable and support for propylene oxide is limited. Although there is no pressure on factory inventory, the terminal return to on-demand procurement and the increase of load in some factories have limited the price of propylene oxide. It is expected that the market of propylene oxide will be consolidated in the near future.
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