According to the monitoring data of business agency, as of August 30, the average price of propylene oxide enterprises was 9100.00 yuan / ton, an increase of 1.49% over the price on August 1, a year-on-year decrease of 21.78% in a three-month cycle, and a decrease of 43.24% over the same period last year.

In August, the market price of propylene oxide fluctuated and rose slightly. In the first half of the month, the raw material propylene fell slightly due to shocks, with limited cost impact, north-south market differentiation, controllable inventory in the northern market on the supply side, high price operation, abundant supply in the southern market, empty negotiation mood, and stalemate in the North-South pattern. With smooth shipment of factories in the north, the price rose without pressure. On the 15th, the mainstream quotation of propylene oxide Market in Shandong was around 9100-9200 yuan / ton. In the second half of the month, the price of raw material propylene fell first and then rose. The cost side support was general, the demand side support was weak, the market shipment was weak, the downstream purchase was cautious, and the price was stable but loose. The supply side support in the second half of the year was fair, the cost support was strengthened, and the market was operating at a high price. Near the end of the month, the supplier had no pressure, and the market was strong. On the 30th, the mainstream quotation of propylene oxide Market in Shandong was around 9400-9500 yuan / ton.

As for upstream propylene, according to the data of the trade agency’s bulk list, the domestic propylene (Shandong) market continued to fluctuate downward in August, and the price further declined. The market was at 7348 yuan / ton at the beginning of August, and the average price at the end of the month was 7036 yuan / ton, with a monthly drop of 4.25%. The average price within the month was the lowest 6834 yuan / ton.

Downstream propylene glycol: on August 29, the reference price of propylene glycol was 9233.33, up 19.65% compared with August 1 (7716.67).

The propylene oxide analyst of business club believes that the current cost side has a certain support, the supply side is not under pressure, and the downstream side keeps following up. It is expected that the propylene oxide market will be strong in the short term, and more attention should be paid to market information and guidance.