1、 Price trend of propylene oxide

(Figure: p-value curve of propylene oxide product)

2、 Market analysis

Propylene oxide market rose slightly this week. According to the data of the business club’s block list, as of April 25, the average quotation price of propylene oxide enterprises was 18566.67 yuan / ton, up 1.83% compared with the beginning of the week, up 1.46% compared with April 1, and down 7.63% compared with March 25.

This week, the market price of propylene oxide stabilized first and then rose. At the beginning of the week, the market was sorted out by game, mainly by wait-and-see. The market was stable. With the decline of factory inventory, the downstream polyether orders improved, driving the market price up in a narrow range. The propylene oxide manufacturers had no pressure, and the downstream just needed to follow up and stabilize, supporting the continuous price rise. On the 25th, the mainstream price of propylene oxide Market in Shandong was around 18300-18500 yuan / ton, and that in East China was around 18500-18700 yuan / ton.

Upstream propylene, as of April 25, Shandong propylene market prices continue to be stable. According to the price chart of the business association, the price of propylene decreased sharply in the second half of March and rose at the end of the month. At the beginning of April, the market price rose slowly, with an average daily increase of about 50 yuan / ton. From the 6th, the price rose steadily, from the 16th, the price rose steadily at the rate of 50 yuan / ton, and from the 23rd, it became stable. Now, the market transaction is between 8600 yuan / ton and 8700 yuan / ton, and the mainstream price is about 8600 yuan / ton.

Downstream propylene glycol, according to the monitoring data of the business community, as of April 23, the factory price of domestic industrial grade propylene glycol was 18100 yuan / ton, up 0.56% compared with the price at the beginning of the week; On April 25, the market of soft foam polyether in Shandong Province was temporarily stable, the gas purchase of downstream enterprises was weakened, and the factory offer was stable. On April 25, the mainstream quotation of common soft foam polyether in Shandong Province was around 18000-18300 yuan / ton.

3、 Future forecast

Business community propylene oxide analysts believe that although the current performance of the downstream new single is general, but the purchase of propylene oxide is relatively stable. It is expected that in the short term, manufacturers will support the strong operation of the propylene oxide market without pressure, and the specific trend still needs to pay attention to the market information guidance.