Price Trend
According to the data of business associations’list, the price of propylene oxide on July 23 was 9500 yuan/ton, which was flat compared with yesterday. Today’s market is temporarily stable, down 2.40% compared with last Tuesday (July 16). Today’s mainstream price of propylene oxide in domestic market is 9400-9600 yuan/ton.
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II. Analysis of Influencing Factors
Product: Propylene oxide Market is stable for the time being. The inventory of propylene oxide plant is low, and the supply and demand of the market are basically balanced. The cash delivery price of Wanhua Chemistry Shandong Mainstream Market was 9300 yuan/ton on 23rd, while that of East China Mainstream Market was 9600 yuan/ton.
Industry chain: The market price of upstream propylene in Shandong continues to rise slightly. The price of propylene enterprises in Shandong Province rose in early July, experiencing two rounds of increase of about 600 yuan/ton. Since the 13th day, the price has gone down, totaling about 650 yuan/ton by the 19th day. After the two-day weekend stabilized, it began to rise on Monday. Today, it rose again by about 50 yuan/ton. At present, the market turnover is about 7700-7800 yuan/ton, and the mainstream price is about 7700 yuan/ton. Many downstream polyether enterprises execute pre-orders, some polyether factories enter the plant for maintenance, and purchasing propylene oxide is the main demand.
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3. Future market forecast:
According to business associations, the domestic propylene oxide market may be stable in the short run.
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