Price trend
The market price of propylene oxide rose on February 19. According to the data from SunSirs’bulk list, as of February 19, the average price of propylene oxide companies quoted was 17,300 RMB/ton, an increase of 0.78% compared with the previous trading day, and a decrease of 8.30% compared with January 19.
Analysis review
After the holiday, the market price of propylene oxide has continued to rise. In terms of raw materials, propylene prices have risen, and cost support has risen. In terms of supply, factories are generally low in inventory, new orders are smooth, downstream polyether prices are rising, and the overall market atmosphere is good. The focus of market discussions is rising. As of the 19th, the mainstream price of propylene oxide market in Shandong was around 17,000-17,100 RMB/ton.
Upstream propylene, on February 18, the market price of propylene in Shandong increased significantly. According to SunSirs price chart, the price of propylene fell all the way at the end of January. After a slight rise at the end of the month, the price of propylene began to stabilize. On the 8th, corporate prices generally fell by 50 RMB/ton. After the Spring Festival holiday, the price of propylene was mostly stable during the first half of the holiday, and the price in the second half (from February 15) showed a steady upward trend. The 18th was the first day of official work, the price rose by about 200 RMB/ton, the market transaction was between 7,300-7,550 RMB/ton, and the mainstream price rose to about 7,300 RMB/ton.
Downstream propylene glycol, according to the monitoring data of SunSirs, as of February 18, the ex-factory price of domestic industrial-grade propylene glycol referred to 13,166.67 RMB/ton, which was the same as the price before the holiday (February 10); Downstream flexible foam polyether, on February 18, the Shandong region flexible foam polyether market offers increased, the price of raw material propylene oxide rose, cost support strengthened, the industry's mentality was boosted, and the market inquiries and buying momentum increased.
Market outlook
The propylene oxide analyst of SunSirs believes that the current raw material propylene price is rising, the factory inventory is not pressured, and the downstream follow-up is stable. It is expected that the propylene oxide market may operate stably in the short term. More specific trends still need to pay attention to market news guidance.
