1、 Price trend of propylene oxide:
(Figure: P value curve of propylene oxide product)
2、 Market analysis:
| Benzalkonium chloride |
Product: the market of propylene oxide fell this week, according to the data of the bulk list of business agencies. Recently, the price of raw materials has risen, the cost of propylene oxide plant has been under pressure, and the market supply has increased, but the downstream terminal demand is not enough to follow up, and the on-site wait-and-see atmosphere is strong. As of the 27th, the average price of propylene oxide enterprises was 8166.67 yuan / ton, down 2.78% compared with the beginning of the week. Compared with the same period last year, it was down 19.14%. On the 27th, the cash delivery price in Shandong mainstream market of Wanhua chemical was 8200 yuan / ton. On July 27, the main quotation of propylene oxide Market in East China was around 8000-8100 yuan / ton, that in Shandong was around 7850-8100 yuan / ton, and that in South China was around 8000-8100 yuan / ton.
Industry chain: the market price of propylene in Shandong region in the upstream (3.23-3.27) rose by 3.17% this week. On the 27th, the market turnover was 5800-6000 yuan / ton, and the mainstream price was about 5900 yuan / ton. Influenced by the OPEC meeting and various international economic policies, the international crude oil prices went up and down sharply: on the 16th, the prices fell again, on the 17th, on the 18th, and on the 19th, the prices rose slightly. On the 20th, the crude oil prices rose significantly, on the 23rd, and on the 24th, the crude oil prices rose again, and on the 25th and 26th, the prices fluctuated slightly. Due to the low production and inventory of propylene before, the decline in the early period was not significant, and the follow-up trend in the later period was also obvious, but it began to rise on the 24th, with a steady rise. At present, there are many propylene manufacturers stopping production and maintenance, and the inventory pressure is small. At the beginning of April, there may be more manufacturers starting operation, but the downstream butanol and octanol losses are large, and the PP futures will decline significantly. It is expected that the propylene price will start to stabilize in recent days, and may decline in the later period. 27, downstream soft foam polyether, market range finishing, downstream buying is still insufficient. 27, downstream rigid foam polyether, market weak consolidation.
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Industry: according to the price monitoring of the business agency, in the 12th week of 2020 (3.23-3.27), there are 10 kinds of commodities rising month by month in the list of commodity prices in the chemical sector, including 2 kinds of commodities rising by more than 5%, accounting for 2.3% of the number of commodities monitored in the sector; the top three commodities are formic acid (17.09%), isopropanol (17.08%) and nitric acid (3.23%). There are 40 kinds of commodities falling on a month on month basis, with 14 kinds of commodities falling by more than 5%, accounting for 16.1% of the number of commodities monitored in this sector; the top three products falling are pure benzene (- 19.30%), crude benzene (- 15.83%) and ethylene oxide (- 13.16%). This week’s average was – 1.6%.
3、 Future forecast:
According to the propylene oxide analyst of the business club, the price of raw materials has increased recently, and the cost pressure of propylene oxide has increased, but the downstream digestion has not been followed up. Under the double attack, it is expected that in the short term, the propylene oxide market will be dominated by weak finishing, and more attention should be paid to the change of the price of raw materials and the operating rate of the plant.
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