Propylene oxide continues to decline

On the 14th, the overall domestic propylene oxide trade level still showed a downward trend. Downstream buyers generally believe that the current price of propylene oxide is still difficult to meet expectations, the market is still a huge decline in space, so the enthusiasm is still not high; other downstream manufacturers still have a certain inventory, have low-cost shipping to avoid backlog of goods, which also Increased market chaos in some downstream regions, the propylene oxide market is still difficult to obtain effective support from the downstream. The manufacturers in various regions of the market are still mainly active shipments, and low-cost sources are constantly emerging, but propylene oxide is generally traded as a whole.

Upstream raw materials:

Propylene:

On Monday, the domestic propylene market mixed. Excluding the increase of 100 yuan/ton for the Northwest region from the weekend, the Shandong region and the North China region have a range of 100-200 yuan/ton, with the Northeast region temporarily stable. The rise in crude oil prices last Friday was mainly driven by exchange rates and banks. Insiders were still bearish on the outlook. Due to the sluggish demand from the downstream polypropylene powder market and propylene oxide market, refinery shipments have been stagnant, and the latter will likely lead to a backlog of inventory, which will result in a decrease in refinery operating rates. In this context, the propylene market has no room to rise in the short term.

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The domestic market continued to slump, the market continued to slump, low-end market prices are frequent. Up to now, although some chlor-alkali plants have reduced production load and balanced shipments, the load of chlorine and other chlorine-consuming industries is still insufficient. Downstream demand is weak, and unfavorable factors have constrained the market price upwards. Low stability mainly.