1、 Price trend of propylene oxide:
(Figure: P value curve of propylene oxide product)
|PVA 1788 (PVA BP17)|
2、 Market analysis:
On June 23, the market price of propylene oxide rose slightly. According to the data of the business club’s large scale list, the average price of epoxy propane enterprises as of June 23 was 10100 yuan / ton, up 1% compared with yesterday, 13.06% compared with June 1 (8933.33 yuan / ton), and 8.99% compared with May 23.
Supply and demand: at present, the epoxy propane manufacturers have no pressure on delivery temporarily, and the attitude of price fixing is still there. The downstream is enthusiastic about rising. Before the festival, there is a small amount of replenishment demand, and the market climate is fair.
Raw materials: as of June 22, the market price of propylene in Shandong began to fall. According to the price of the business agency, the propylene market in Shandong increased by 250 yuan / ton in one week at the beginning of June, and there was a significant correction in the price in the middle of June, with a cumulative drop of 350 yuan / ton in the seventh day of the second week. From June 14 in the middle of the month, the price stopped falling again and picked up again. On June 19 last Friday, the price has risen 350-450 yuan / ton in a row. At the end of the week, the price remained stable. Today, the price dropped again by about 50 yuan / ton. Now, the market turnover is between 6780 and 7000 yuan / ton, and the mainstream price is around 6800 yuan / ton. At present, propylene manufacturers have no inventory pressure, but the delivery situation is general.
Downstream: according to the price monitoring data of the business agency, as of June 22, the reference average price of domestic n-propanol including packaging in the mainstream region was around 11900 yuan / ton, up 6.57% compared with the price on June 1. As of June 22, the downstream soft foam polyether, under the cost pressure, passively follows up the raw material propylene oxide, and the downstream new order follows up generally.
3、 Future forecast:
According to the propylene oxide analyst of the business club, at present, the market price of raw material propylene starts to fall and the cost support is weakened, but the propylene oxide manufacturers have no pressure for the time being. Some of the downstream products are in stock before the festival, and there is a certain support on the supply and demand side. It is expected that in the short term, the propylene oxide market will digest the increase and wait for operation.