According to the data of the business club’s block list, as of May 25, the average quotation price of propylene oxide enterprises was 17633.33 yuan / ton, down 2.76% compared with the previous trading day, down 5.03% compared with April 25, and down 6.37% compared with the same period in three months.

In the second half of May, the market of propylene oxide began to run in a weak state. With the stable quotation of manufacturers, the market was frozen. After finishing, the price was loosened again, and the price fell on May 25. At present, the cost side support is general, the demand side, the middle and lower reaches of the goods tend to be cautious, buy gas is insufficient, the market atmosphere turns weak, the industry lacks confidence in the trend, the market is under pressure. At present, the mainstream price of propylene oxide Market in Shandong is around 17200-17300 yuan / ton, and the mainstream price of propylene oxide Market in East China is around 17300-17400 yuan / ton.

Upstream propylene, as of May 24, Shandong propylene market prices rose slightly. According to the price chart of the business association, the propylene price in Shandong continued to rise in the first ten days of April, fell sharply in the last ten days, and remained stable at the end of the month. During May Day, the first two days continued to be stable, with a daily rise of about 50 yuan / ton from the 3rd to the 7th. The price was mainly stable on the 9th, and stabilized again after a small rise on the 13th. On the 17th, the price began to decline at 50 yuan / ton per day, and on the 19th and 20th, it fell by about 100 yuan / ton respectively. The price of propylene rose from Sunday (23rd) and continued to rise at 50 yuan / ton today, The current market turnover is between 8100 ~ 8300 yuan / ton, and the mainstream price is about 8100 yuan / ton.

According to the monitoring data of the business community, the reference price of propylene glycol on May 24 was 17033.33, which was 5.89% lower than that on May 1 (18100.00); As of May 25, the market price of downstream soft foam polyether in Shandong Province has been reduced, the price of raw material propylene oxide has gone down, and the cost support is insufficient. In addition, the downstream gas purchase is not high, and the market negotiation center is low. At present, the mainstream quotation of common soft foam polyether in Shandong Province is around 17200-17350 yuan / ton.

Business community propylene oxide analysts believe that at present, the price of propylene is mainly stable after a small rise, which brings limited support to the propylene oxide Market. The buying sentiment of downstream terminals is not high, the focus is weak and stalemate, and the lack of buying gas restricts the market confidence. It is expected that the propylene oxide market will be weak in the short term, and the specific trend still needs to pay attention to the market information guidance.