I. price trend

According to the data of the business club’s large list, the market of propylene oxide fell as of December 16, with an average price of 10366.67 yuan / ton, down 2.51% compared with last Friday (13th), and the mainstream price of propylene oxide in China was 10200-10600 yuan / ton on December 16.

II. Analysis of influencing factors

Product: propylene oxide market fell on the 16th. Epichlorohydrin manufacturers have resumed load one after another, the supply has increased, the downstream demand is light, and they are more cautious to wait and see. The manufacturers are mainly active in shipment, and the focus of epichlorohydrin negotiation has been lowered. On the 16th, the cash delivery price in Shandong mainstream market of Wanhua chemical was 10300 yuan / ton, and that in East China mainstream market was 10600 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 10200 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in Shandong is around 10050 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in South China is around 10000 yuan / ton, which is delivered by cash.

Industrial chain: the market of propylene in Shandong region in the upper reaches of the river was generally stable on March 16, and the current mainstream market price is 6670-6700 yuan / ton. At present, the inventory of downstream enterprises is low, the purchasing mentality is slightly improved, the downward trend of propylene price begins to stop, and the supply and demand are relatively balanced. It is expected that the market price of propylene will continue to be stable in the near future. The price of raw material epichlorohydrin fell, the cost side support of downstream polyether weakened, the quotation of some manufacturers decreased, and the focus of market negotiation fell.

3. Future forecast:

According to the propylene oxide analysts of the business club, the price of raw material propylene has stabilized after the recent decline, the manufacturers have a positive shipping mentality, and the downstream demand is relatively light, which is good for the lack of support. It is expected that the propylene oxide market will be mainly weak in the short term.