I. price trend

According to the data in the business club’s large list, as of November 21, the market price of propylene oxide rose, with an average price of 10033.33 yuan / ton, up 0.67% compared with that on November 20, and the mainstream price of propylene oxide in China on November 21 was 9800-10400 yuan / ton.

II. Analysis of influencing factors

Product: the market price of propylene oxide rose steadily on the 21st. The overall supply of propylene oxide market has been reduced, there is no pressure on delivery, the inventory is low, and the downstream just needs to purchase. On the 21st, the cash delivery price in Shandong mainstream market of Wanhua Chemical Co., Ltd. was 10100 yuan / ton, and that in East China mainstream market was 10400 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 9800 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in Shandong is around 9800 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in South China is around 9500 yuan / ton, which is delivered by cash.

Industry chain: the market in the upstream propylene Shandong region picked up slightly on the 21st, and the current market turnover is still around 7100-7450 yuan / ton, and the mainstream price is 7200 yuan / ton. At present, the crude oil market has risen significantly, and the polypropylene market has recovered. It is expected that the propylene market price may increase in recent days. On the 21st, the focus of downstream polyether market negotiation rose.

3. Future forecast:

According to the propylene oxide analyst of the business club, upstream liquid chlorine slightly pushed up, propylene price slightly rebounded, limited cost support for propylene oxide, and the price rise of propylene oxide supported by the market spot is not good, but the downstream just needs to purchase. It is expected that in the short term, the propylene oxide market will be dominated by rigid finishing and operation, and more attention should be paid to the start-up of main plant devices.