According to the monitoring data of business agency, as of July 28, the average price of propylene oxide enterprises was 9226.67 yuan / ton, down 12.13% compared with July 1, down 19.06% year-on-year in a three-month cycle, and down 45.08% compared with the same period last year.
In July, the propylene oxide market fluctuated and fell. In the first ten days, the price of raw propylene fell, the cost support weakened, the supply side was dominated by stability, and the demand side followed up with cautious reduction. As the market trading atmosphere weakened, the market accumulated a small amount of reserves, and the market stalemate weakened. In the middle of the year, the raw propylene market was consolidated and operated, with limited cost support. Some of the supply side devices stopped for a short time to reduce the burden, and the price rose slightly. The downstream mentality was still cautious, and the purchase enthusiasm was not high, and the market game weakened again. In the last ten days, the cost side was under pressure, and some units fell negative, but many inventories were under pressure, and the downstream reduction was followed up carefully. As the price fell, the market atmosphere warmed up, and the downstream increased the purchase volume, the price stopped falling and rose, and the inventory pressure was relieved. On the 28th, the mainstream price of propylene oxide Market in Shandong was around 8200-8300 yuan / ton.
Upstream propylene, according to the bulk list data of business society, the domestic propylene (Shandong) market continued to fluctuate and decline in July, and the price further fell. At the beginning of the month, the market was 7680 yuan / ton, and the average price at the end of the month was 7234 yuan / ton, a monthly decrease of 5.81%.
Downstream propylene glycol, on July 28, the reference price of propylene glycol was 8083.33, a decrease of 31.88% compared with July 1 (11866.67).
The propylene oxide analyst of business agency believes that at present, the cost pressure is large, the manufacturer’s price support mentality, the market supply increases steadily, and the demand side can follow up. It is expected that in the short term, the propylene oxide market may rise and wait-and-see, and more attention should be paid to the market news guidance.