According to the monitoring data of business agency, as of September 10, the average price of propylene oxide enterprises was 16466.67 yuan / ton, an increase of 1.23% compared with Monday’s price, a decrease of 3.14% compared with August 10 (the reference price of propylene oxide was 17000 yuan / ton), and a year-on-year increase of 16.78% in a three-month cycle.
Propylene oxide market rose this week. At the beginning of the week, the mainstream quotation of propylene oxide Market in Shandong was around 15900-16000 yuan / ton. The factory inventory was pressureless, the shipment was smooth, the market quotation was very good, and the new orders in the downstream were general. It just needed passive follow-up, and the price rose slightly. At present, the mainstream quotation of propylene oxide Market in Shandong is around 16200-16300 yuan / ton.
In terms of index, the propylene oxide commodity index on September 9 was 102.07, up 0.41 points from yesterday, down 18.41% from the highest point of 125.10 points in the cycle (2021-03-28), and up 144.77% from the lowest point of 41.70 points on January 25, 2016. (Note: the period refers to the period from September 1, 2011 to now)
For upstream propylene, according to the price chart of business society, the propylene price stopped falling and rebounded this week. As of the weekend, the propylene price in Shandong market was 7650-7700 yuan / ton, up from 50-100 yuan / ton last week. In terms of the market, the delivery of goods by enterprises is stable, and the downstream gas purchase is OK, but the upstream crude oil price is under pressure, the long short game in the propylene market, and the price increases slightly.
Downstream propylene glycol, according to the monitoring data of business society, the reference price of propylene glycol on September 9 was 17900.00, an increase of 4.88% compared with September 1 (17066.67); The downstream soft foam polyether market was shaken and sorted out in Shandong on September 10, and the mainstream market quotation was around 16000-16200 yuan / ton.
The propylene oxide analyst of business society believes that, in a comprehensive view, the price of raw propylene has increased slightly, the cost impact is limited, the factory is still not under pressure, and there is still support at the supply end. It is expected that the propylene oxide market will be dominated by strong operation in the short term, and more specific trends still need to pay attention to the downstream follow-up.