I. price trend

According to the data in the business club’s large list, as of October 22, the market price of propylene oxide fell, with an average price of 10066.67 yuan / ton, down 2.27% compared with that on October 21, and the mainstream price of propylene oxide in China was 9900-10400 yuan / ton on October 22.

II. Analysis of influencing factors

Product: the market price of propylene oxide fell on the 22nd. At present, the market supply is sufficient, manufacturers are active in shipping mentality, and downstream polyether users are more active in bargain hunting and replenishment. On February 22, the cash delivery price in Shandong mainstream market of Wanhua chemical 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 9900 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in Shandong is around 9700 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in South China is around 9800 yuan / ton, which is delivered by cash.

Industry chain: the market price of upstream propylene in Shandong fell slightly on February 22. At present, the market turnover is about 7200-7550 yuan / ton, and the mainstream price is 7200 yuan / ton. At present, the market mentality of propylene has improved. Although the downstream products are still in a downward trend, the overall profit margin is acceptable, and the purchasing enthusiasm has increased. The downward pace of propylene price slows down and refineries are willing to stabilize the price. It is expected that the market price of propylene will start to stabilize in the near future. Trading atmosphere in the downstream polyether market picked up on Tuesday.

3. Future forecast:

According to the propylene oxide analyst of the business club, the decline of raw material propylene slowed down and the market mentality improved, which has certain support for propylene oxide. However, the supply of epichlorohydrin is sufficient, and the manufacturers are mainly actively shipping. It is expected that the short-term epichlorohydrin market will be weak and stable.