1、 Price trend of propylene oxide
| PVA 2699 |
(Figure: P value curve of propylene oxide product)
2、 Market analysis
The propylene oxide market rose first and then fell this week. According to the data of the business club, as of November 27, the average price quoted by propylene oxide enterprises was 19100 yuan / ton, down 0.69% compared with the beginning of the week, 5.72% higher than October 27, and 89.11% higher than that of the same period last year.
At the beginning of the week (23rd), the average price quoted by enterprises was 19233.33 yuan / ton, representing the slow accumulation of propylene oxide plants. The overall pressure on shipment was not large. On the 24th, the new order negotiation rose narrowly; on the 25th, the market was temporarily stable; on the 26th, the willingness to lower prices in the middle and lower reaches of the market was generally lower. On the 27th, the offer of new orders was temporarily stable, and the middle and lower reaches held a weak wait-and-see mood.
On November 26, the propylene oxide commodity index was 118.88, down 1.24 points compared with yesterday, 1.03% lower than 120.12 points (2020-11-25), and 185.08% higher than 41.70 points, the lowest point on January 25, 2016. (Note: period refers to 2011-09-01 to now)
| PVA 2088 (PVA BP20) |
Upstream propylene, on November 27, the market price of propylene in Shandong rose. According to the price chart of the business agency, since November 1, the propylene price has dropped sharply at the end of October, and has risen by 200-250 yuan / ton on the 5th. After a short period of stabilization, the price dropped slightly by about 100 yuan / ton on the 8th and 9th, and then stabilized again. On the 12th, the price rose by 50 yuan / ton again, and then fluctuated slightly. From November 19, all propylene prices rose again, and kept about 5 The upward speed of 0-100 yuan / ton for nine consecutive days has risen by about 750 yuan / ton. From 18th to 27th, the increase has reached 11.28%. At present, the market turnover is between 7580 yuan / ton and 7800 yuan / ton, and the mainstream price is about 7600 yuan / ton. Now the factory stock is small, the shipment situation is good.
Downstream propylene glycol, according to the monitoring data of the business agency, as of November 26, the factory price of domestic industrial grade propylene glycol was 12633.33 yuan / ton, down 0.79% compared with the beginning of the week; for downstream soft foam polyether, on November 27, the focus of negotiation on soft foam polyether Market in Shandong area shifted downward, new downstream orders were rarely followed up, and the factory offer was weak and stable. At present, the mainstream quotation of common soft foam polyether market in Shandong Province was given It is around 18200-18700 yuan / ton.
3、 Future forecast
Propylene oxide analysts of the business agency believe that the price of propylene raw materials has risen recently, the cost support has been strengthened, new downstream orders have been reduced, and the sentiment of avoiding risks and waiting to fall is rising. It is expected that in the short term, the propylene oxide market will be dominated by weak consolidation, and the specific trend needs more attention to market news guidance.
| POLYVINYL ALCOHOL |