1、 Price trend of propylene oxide
(Figure: P value curve of propylene oxide product)
2、 Market analysis
The market of propylene oxide is rising recently. As of July 27, the average price quoted by propylene oxide enterprises was 11000 yuan / ton, which was 9.27% higher than last Monday (July 20) and 8.91% higher than that of June 27 (10100 yuan / ton), according to the large list data of business agency. At present, the inventory of propylene oxide plant is not under pressure, and the operating rate in the north is slightly reduced, which supports the manufacturers’ mentality of supporting the market. Some downstream costs are under pressure, and the follow-up is fair. The terminal is more and more resistant to high price raw materials, and purchase on demand.
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According to the data monitoring of the business agency, the recent summary of the price of propylene oxide of enterprises (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)
Enterprise market price specification date
Dongying Jinying Chemical Co., Ltd. 10800 yuan / T, quality grade: excellent products, July 26, 2020
Jinan planhua Chemical Co., Ltd. 10500 yuan / T national standard 99.9 2020-07-24
Jinan Mingwei Chemical Co., Ltd. 10500 yuan / ton, quality grade: excellent products, July 24, 2020
Upstream propylene, on July 27, the market price of propylene in Shandong continued to decline. According to the price chart of the business agency, the recent price of propylene fluctuates periodically, with a relatively stable price range. On the 27th, the market turnover was between 6620 and 7000 yuan / ton, and the mainstream price was about 6650 yuan / ton. At present, the inventory pressure of propylene manufacturers is not big, the shipment is flat, the crude oil price is slightly down, the downstream overall market operating rate is fair, PP futures market is slightly up. After the price reduction on weekends, most of the current propylene market prices have been near the lower limit of the oscillation range, and the downstream replenishment cycle is coming, and the purchasing enthusiasm is slightly increased. Therefore, it is expected that the propylene price may start to stabilize temporarily in the near future.
According to the price monitoring data of the business agency, as of July 27, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11900 yuan / ton, which was flat compared with the price at the beginning of the month. As of July 27, the price of raw materials of soft foam polyether in the lower reaches has risen, the cost has been under pressure, and the high-end goods in southern China have been tight. The market price has risen widely. The resistance of the downstream to high prices has become increasingly strong, and the rigid demand procurement is the main factor.
3、 Future forecast
Propylene oxide analysts of the business agency believe that the price of propylene oxide Market is going down in the near future, and the profit margin of propylene oxide is further improved. Factories generally have no inventory to support manufacturers to support the market. The middle and lower reaches maintain on-demand procurement, and the terminal is increasingly resistant to high prices. It is expected that in the short term, the propylene oxide market may absorb the increase, and more attention should be paid to the information guidance from all aspects of the market.
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