1、 Price trend

According to the data in the business club’s large list, as of December 23, the market of propylene oxide rose, with an average price of 10233.33 yuan / ton, up 2.33% compared with last Friday (20th), and the mainstream price of propylene oxide in China on December 23 was 9900-10600 yuan / ton.

2、 Analysis of influencing factors

Product: propylene oxide market rose on the 23rd. The terminal demand is large, the purchasing enthusiasm of the downstream polyether is fair, the inventory of the propylene oxide plant is quickly digested, and the quotations of the enterprises are increased one after another. On the 23rd, the cash delivery price in Shandong mainstream market of Wanhua chemical was 10300 yuan / ton, and that in East China mainstream market was 10600 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 10300 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in Shandong is around 10100 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in South China is around 10200 yuan / ton, which is delivered by cash.

Industrial chain: in the middle of December, the market price of domestic propylene (Shandong) continued to maintain stability, with a fluctuation of no more than 0.5%. The average price of enterprises at the beginning of ten days (December 11) is 6738 yuan / ton, and the average price of enterprises at the end of ten days (December 20) is 6718 yuan / ton, a decrease of 0.31% in ten days. Ten day high price appeared on December 14, which was 6745 yuan / ton, and ten day amplitude was 0.41%. 23 raw material propylene oxide inventory low strong market push up, downstream polyether market narrow range with the rise.

3、 Future forecast:

According to the propylene oxide analyst of the business association, the raw material propylene will maintain stability in the near future, with limited impact on propylene oxide. The price rise of propylene oxide is supported by tight spot supply in the site, but the downstream’s resistance to high price raw materials will hold back the price rise of propylene oxide to a certain extent. Propylene oxide is expected to rise slightly in the short term, and more attention should be paid to the upstream and downstream mainstream market transactions.