According to the data of the business club’s block list, as of May 27, the average price quoted by propylene oxide enterprises was 17033.33 yuan / ton, down 6.07% compared with the price at the beginning of the week, down 9.88% compared with the price at the beginning of the month, and down 9.72% compared with April 27.
This week, the market of propylene oxide went down steadily. At the beginning of the week, the inventory of the representative factory gradually increased. However, the lower starting load and insufficient demand follow-up of the downstream dragged the market down. The terminal enterprises were in a strong wait-and-see mood. The market was weak and the transaction was weak. The price was adjusted down again on the 27th. At present, the mainstream quotation of propylene oxide Market in Shandong is around 16400-16600 yuan / ton, The mainstream quotation of propylene oxide Market in East China is around 16600-16800 yuan / ton.
Upstream propylene, as of May 26, Shandong propylene market prices continue to be stable. According to the price chart of the business association, the propylene price in Shandong continued to rise in the first ten days of April, fell sharply in the last ten days, and remained stable at the end of the month. During the May Day period, the first two days continued to be stable. From the 3rd to the 7th, the daily price rose by about 50 yuan / ton. From the 9th, the price was mainly stable. After a small rise on the 13th, the price was stabilized again. From the 17th, the daily price began to decline by 50 yuan / ton. From the 19th to the 20th, the daily price of propylene rose by about 50 yuan / ton. From the 23rd, the price of propylene continued to stabilize, The current market turnover is between 8100 ~ 8300 yuan / ton, and the mainstream price is about 8100 yuan / ton.
According to the monitoring data of the business community, the reference price of propylene glycol was 16900.00 on May 26, down 6.63% compared with 18100.00 on May 1; As of May 26, the focus of discussion in the market of soft foam polyether in Shandong Province was lower, the raw material propylene oxide was weak, and the downstream was mainly cautious. The market inquiry and transaction performance were weak. On May 26, the mainstream quotation of common soft foam polyether in Shandong Province was around 17000-17350 yuan / ton.
Business community propylene oxide analysts believe that at present, the market of propylene oxide is falling, the attitude of the industry is cautious, and the enthusiasm of downstream buyers is general. Restricted by the weak market supply and demand fundamentals, it is expected that the propylene oxide market will be weak in the short term, and the specific trend still needs to pay attention to the market information guidance.
| POLYVINYL ALCOHOL |