1、 Price trend of propylene oxide
(Figure: p-value curve of propylene oxide product)
2、 Market analysis
On January 21, the market price of propylene oxide fell. According to the data of the business club’s block list, as of January 21, the average quotation price of propylene oxide enterprises was 17933.33 yuan / ton, down 3.58% compared with the previous trading day, down 6.27% compared with the beginning of the week, and up 0.75% compared with December 21, 2020. At present, the inventory pressure of the factory is still controllable, the supplier gives up the profit to ship, the market of propylene oxide falls, the downstream maintains the just need to purchase, the overall rhythm of the market is slightly slow, and there is a strong wait-and-see atmosphere in the market. At present, the mainstream quotation of propylene oxide Market in Shandong is around 17500-17700 yuan / ton.
Upstream propylene, on January 20, Shandong propylene market price was mainly stable. According to the price chart of the business club, the propylene price declined all the way at the end of December, and began to rise on New Year’s day. It rose by about 100 yuan / ton on the 4th. Later, it was stable or rose, and the overall rise was in a ladder shape. This month, it has risen by about 250-300 yuan / ton. Today, it is not moving. The market transaction is between 7450-7650 yuan / ton, and the mainstream price is about 7450 yuan / ton. Now the factory has no pressure on inventory, and the delivery is smooth.
Downstream propylene glycol, according to the monitoring data of the business community, as of January 20, the factory price of domestic industrial grade propylene glycol reference 13300 yuan / ton, increased by 17.35% compared with the beginning of the month; downstream soft foam polyether, on January 20, the market price of soft foam polyether in Shandong decreased, the price of raw material propylene oxide decreased, the cost support weakened, although the inventory of downstream raw materials was low, the operation was cautious, just need to take a small order It is mainly distributed.
3、 Future forecast
Business community propylene oxide analysts believe that at present, the impact of changes in the cost side is limited, the pace of downstream soft foam polyether is slowing down slightly, the terminal purchasing mentality is cautious, and the risk aversion and wait-and-see mood is strong. It is expected that in the short term, the propylene oxide market may be in a weak consolidation operation, and more attention should be paid to the market information guidance.
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