According to the monitoring data of business agency, as of November 17, the average price of propylene oxide enterprises was 15066.67 yuan / ton, down 8.32% compared with the price on last Wednesday (November 10) and 14.72% compared with the price on October 17.

The market price of propylene oxide fell this week (11.10-11.17). Recently, the price of raw material propylene is weak, the cost support is weakened, the supply side is loose, the demand side is weak, and the mentality of buying up rather than buying down, the downstream inquiry and procurement enthusiasm is not high. It is mainly cautious to wait and see, and the market price of propylene oxide is under pressure. On the 17th, the mainstream quotation of propylene oxide Market in Shandong is around 14400-14600 yuan / ton.

For upstream propylene, the overall propylene market in Shandong decreased by 100 yuan / ton on the 16th, and the average propylene price in Shandong was 7792 yuan / ton, down 1.33% from the 15th. The downstream gas buying is insufficient, especially the weakness of polypropylene, the main demand, is difficult to change. Propylene enterprises take the goods in line with the trend, and the price is reduced. There is no obvious positive effect on the propylene market, and it is expected that the propylene market will be weak in the near future.

For downstream propylene glycol, on November 16, the reference price of propylene glycol was 18600.00, a decrease of 22.18% compared with November 1 (23900.00); For downstream soft foam polyether, the mainstream quotation of soft foam polyether market in Shandong on November 16 was around 15400-15600 yuan / ton.

Business community propylene oxide analysts believe that the current cost side support is insufficient, coupled with weak supply and demand side support, it is expected that in the short term, the propylene oxide market may focus on weak consolidation, and more attention should be paid to downstream demand.