Propylene oxide market was adjusted at a high level in July

So far domesticPOMarket high order. Carriers have smooth shipments and low inventories. Downstream purchases are mostly on-demand. Shandong and North China Sanxian factory10800-10900元/t. Organize and run in East China, send it in bulk11100-11200元/ton, actual order negotiation.

7In the month, domestic propylene oxide fluctuated smoothly at first, and near the end of the monthWeekly market prices continued to rise. 7At the beginning of the month, the operating rate of domestic cyclopropane increased, coupled with the continuous increase in polyether orders, the downstream just needed replenishment, and the inventory pressure of the holders decreased. Then, with the low inventory situation of downstream enterprises, it helped the cyclopropane market soar.

The propylene oxide market was positive at the end of the month. Manufacturers in Shandong area reduced their inventory. At the beginning of this week, the Shandong market rebounded and went up, and the East China market followed up with a high level; the cost support of propylene oxide was relatively strong , Rigorous demand shipments are good, and factory offers continue to rise; downstream polyether high-end and individual grades are in short supply, some factories are shut down for maintenance, and orders from some large manufacturers are relatively stable, and continue to follow the rise, forming a strong situation.

It is expected that the propylene oxide market will weaken. Raw material cost support still exists this week. On the supply side, the cyclopropane plant started relatively high, and the factory inventory pressure was controllable. And at the end of the month, there are some imported goods to supplement the market supply in East China. Propylene oxide is still expected to rise within the week at the end of the month. Although there is still a small shortage of some grades of polyether on the demand side, the resistance of downstream users to high prices has already arisen. As demand support gradually weakened, the situation of tight fundamentals improved, and trading stabilized. Pay attention to the flow of imported goods to Hong Kong, new downstream orders, and the progress of factory accumulation.