Epoxy propane market price rose on January 6

1、 Price trend


According to the data of the business club’s large list, the market of propylene oxide rose as of January 6, with an average price of 9850 yuan / ton, up 1.55% compared with last Friday (January 3), and the mainstream price of propylene oxide in China was 9800-9950 yuan / ton on January 6. On January 6, the propylene oxide commodity index was 61.31, up 0.94 points from yesterday, down 39.41% from 101.18 (2011-10-26), the highest point in the cycle, and up 47.03% from 41.70, the lowest point on January 25, 2016. (Note: cycle refers to 2011-09-01 to now)


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2、 Analysis of influencing factors


Product: the market of propylene oxide rose on the 6th. The downstream product preparation just needs to be released before the festival, the propylene oxide plant has a smooth shipment, low inventory, good market transaction, and the prices of propylene oxide enterprises have been increased. On June 6, the cash delivery price in Shandong mainstream market of Wanhua chemical was 9950 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 9900 yuan / ton, that in Shandong is around 9700 yuan / ton, and that in South China is around 9750 yuan / ton.


Industrial chain: on January 6, the market price of the upstream propylene in Shandong Province was slightly higher. Affected by international crude oil, domestic propylene price rebounded from the bottom at the end of December, rising continuously, and remained stable until January 5. On June 6, the price of individual enterprises rose slightly by about 50 yuan / ton, most of which maintained stability. At present, the market turnover is about 6850-7300 yuan / ton, and the mainstream price is 6850-6900 yuan / ton. On June 6, the market in some areas of the downstream polyether kept a narrow range and kept up with that of the raw material propylene oxide. The focus of the negotiation was slightly higher, but the downstream had strong resistance to high price raw materials and poor gas buying.


3、 Future forecast:



According to the propylene oxide analysts of the business club, the price of raw material propylene is slightly higher, the cost support is strengthened, and the supply and demand fundamentals are well supported. However, with the weak transaction of new polyether orders in the downstream, the cautious attitude towards the purchase of propylene oxide will restrict the upward price of propylene oxide. It is expected that the propylene oxide Market in the short term will be dominated by a stalemate and finishing operation, and more attention should be paid to the upstream and downstream mainstream markets Market transactions.

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