Propylene oxide fluctuates mainly in the future

Propylene oxide market "Jinjiu" continued the previous rally, the market broke through the 10,000 yuan (ton price, the same below) mark, taking the Shandong market as an example, the market price rose to 10,500 to 10,600 yuan on September 15, up about

Appliance restart supply increased

Meng Xianxing, vice president of Shandong Institute of Chemical Industry, said that propylene oxide suffered Waterloo in July, the price fell below 8,000 yuan, after which the market bottomed out, and the market supply fluctuated frequently in August

This price increase is not unrelated

After entering September, Sinochem Quanzhou propylene oxide plant was shut down for maintenance, Tianjin Bohua, Sinopec Changling, Shandong Huatai and other units were restarted, and the Jinling plant was reduced to half load operation

After the market, Shandong Daze 100,000 tons / year plant resumed production in late September, Jincheng Petrochemical 300,000 tons / year plant is expected to be put into operation at the end of September; Jinling and Huatai devices gradually resumed production, the supply side is mainly incremental, and traders have a certain bearish sentiment

Raw material support is expected to be strong

For the upstream raw materials propylene and liquid chlorine, although the "Golden Nine" ushered in a wave of rising market, the future market is expected to fall easily and difficult, and it is difficult to form a strong pull

Entering September, the price of upstream raw material propylene continued to oscillate higher, which also provided strong support

From the perspective of device operation, on the one hand, Xintai Petrochemical and Luxi Chemical propylene plants have been restarted, but due to frequent delays, the impact is relatively limited, and at the same time, the new production capacity of some propane dehydrogenation to propylene in Shandong is less than expected, and the overall supply is relatively controllable

In the future market, the load of propylene enterprises is relatively stable, the supply of propylene is not expected to change significantly, and the peripheral areas of Shandong and East China will still maintain a tight supply state

Another raw material liquid chlorine market above the behavior of the main.

Demand is sluggish and the peak season is not strong

Polyether polyols are the most important downstream products of propylene oxide and the main raw materials

Meng Xianxing said that in September, driven by costs, the soft bubble polyether market rose, and the main players continued to operate in the market, but the downstream performance was general, and the low price in the middle and lower reaches still existed

At present, the downstream sponge is stable and rising, the upstream cost still needs to be further conducted, the middle and lower reaches remain digested and waiting, and the real disk

Another downstream hard bubble polyether market maintained a warm-swallowed upward trend, and the middle and lower reaches continued to buy on demand, although the overall activity was lower than the same period, but it improved

From the perspective of the future market, downstream enterprises are mainly wait-and-see, and the willingness to buy new orders is general