According to the monitoring data of business agency, as of January 27, the average price of propylene oxide enterprises was 11366.67 yuan / ton, an increase of 2.40% compared with the price at the beginning of the month, and a year-on-year decrease of 34.67% in a three-month cycle.

The propylene oxide market rose slightly in January. In the first ten days, after the new year’s Day holiday, the price of raw propylene rose steadily, the downstream orders were released, the inventory pressure was reduced, and the focus of market negotiation gradually increased. With the cold performance of the demand side, the market price was frozen. In the middle of the year, the price of raw propylene rose and the cost support was strengthened, but the demand side was not followed up enough. The market atmosphere was light and the price was loose under the gradual pressure of inventory. With the slightly low load operation of some devices in the field, the spot supply was tight, and the manufacturer’s attitude of supporting the price was the main. In the last ten days, the price of raw propylene fell, the cost support weakened, the downstream pre festival goods preparation, the social inventory of propylene oxide was low, and the market was strong to follow up. Near the holiday, some logistics were limited and terminals were delisted one after another. The market wait-and-see atmosphere was strong and the price operated stably.

For upstream propylene, on January 26, the propylene (Shandong) market fell, and the price adjustment range was reduced compared with that at the beginning of the week. The mainstream price of propylene in Shandong was 7750-7850 yuan / ton. Due to the approaching Spring Festival, the downstream shutdown or production reduction holiday, the propylene market plunged, and the price fell rapidly at the high level of 8000 yuan / ton, resulting in weak demand support. At the same time, the downstream goods preparation is basically completed, and the supply and demand situation will not change much in the near future. On January 26, the reference price of propylene was 7746.80, an increase of 2.63% compared with January 1 (7548.60).

For downstream propylene glycol, on January 26, the reference price of propylene glycol was 15633.33, a decrease of 4.67% compared with January 1 (16400.00).

The propylene oxide analyst of business society believes that the price of raw material propylene is weak recently, the cost support is weakened, the factory inventory pressure is temporarily controllable, and the downstream needs to be followed up just before the festival. It is expected that the propylene oxide market may be stable in the short term.