Market price of propylene oxide fell on May 22

1、 Price trend of propylene oxide:

(Figure: P value curve of propylene oxide product)

2、 Market analysis:

Product: the market price of propylene oxide fell on May 22, according to the data in the bulk list of business agencies. As of 22, the average price of propylene oxide enterprises was 9266.67 yuan / ton, down 0.71% compared with yesterday and up 19.31% compared with April 22. On May 21, the propylene oxide commodity index was 58.09, down 0.83 points from yesterday, down 42.59% from 101.18 (2011-10-26), the highest point in the cycle, and up 39.30% from 41.70, the lowest point on January 25, 2016. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: as of May 21, the market price of propylene in Shandong is still rising. Last month, the price of propylene in Shandong Province rose sharply and fell sharply, and then it held steady again, and the market was stable. During the May 1st period, the price of propylene slightly increased by about 50 yuan / ton. On the 6th day, the price increased by 100 yuan / ton again. On the 7th, 8th and 9th day, the price increased by 50 yuan / ton continuously. On the 10th day, some enterprises continued to increase by 50 yuan / ton. On the 11th day, the price increased by 50 yuan / ton again. On the 12th day, it increased by 100-200 yuan / ton obviously. On the 13th day, it continued to increase by 100-200 yuan / ton. On the 14th day, it increased by 50-100 yuan / ton again. On the 15th day, it still increased by 50-100 yuan / ton on weekends The upward trend remained unchanged until 21 days, with a daily upward trend of 50-100 yuan / ton. Today, the upward trend is 50 yuan / ton again. Now, the market transaction has reached 6950-7200 yuan / ton, and the mainstream price is about 6950 yuan / ton. On May 22, downstream polyether and propylene oxide fell, and the focus of market negotiation shifted down.

3、 Future forecast:

According to the propylene oxide analysts of the business club, the price of raw propylene has been rising continuously, and the profit space of propylene oxide has been further compressed. The terminal has strong resistance to high price raw materials, with strong wait-and-see mood, new downstream orders weakened, and inventory of propylene oxide plant increased slowly. It is expected that in the short term, the market situation of propylene oxide will be consolidated and wait-and-see operation, and the specific trend needs more attention to the change of raw material price and the guidance of mainstream market news.