Propylene oxide: Going around and returning to 10,000 yuan/ton

As of September 19, for quotation reference, the mainstream PO market in Shandong and North China is 10,000-10,100 yuan/ton ex-factory. Propylene oxide went around and returned to the 10,000 yuan mark. The follow-up will fall or rise. What do you think?

raw material end

The downstream market of liquid chlorine is average. If the production reduction device resumes and the supply increases, the possibility of a later reduction cannot be ruled out; there is still some support for the rigid demand side of the downstream of propylene , It is expected that after a narrow range of fluctuations, there is still room for a slight rise. The overall raw material end support is limited.

Supply side

In summary, pressure on the supply side of cyclopropane continued to accumulate in late September.

Demand side

According to the data released by China Statistics Bureau, from January to August, the investment in national real estate development projects increased by 10.5% year-on-year, and the growth rate was 1-7 From January to August, the total sales area of ​​commercial housing decreased by 0.6% year-on-year, which was 0.7 percentage points lower than that from January to July. In August, under the background that the central government continued to tighten the control of real estate and tightened financial policies, the national real estate market continued to cool down, and market differentiation continued to intensify. From the perspective of the performance of the new housing market, the market sentiment dropped significantly in August. Most real estate companies slowed down the pace of launching new housing. The month-on-month price increase in hundreds of cities further narrowed.

The current domestic real estate downturn has a negative effect on software The impact of domestic demand for furniture and home appliances is still obvious—Limited orders and prolonged inventory consumption cycle. CurrentlyIndividual refrigeration manufacturers’ output increased month-on-month, but the overall production and sales of the industry were still dragged down by the decline in overseas demand, and the operation was weak. As the weather turns cooler, thermal insulation construction projects have been launched in early September, and the corresponding demand for spraying and panel-related raw materials has increased slightly from the previous month, but the overall demand performance is still relatively weak. When it is transmitted to the polyurethane raw material market, the mentality of the industry is difficult to shake, and the willingness to chase the rise is low. “There is a price but no market” is frequently staged, resulting in the environmental Oxypropylene and polyether polyols consolidated at a low level and fluctuated in a range.

Because of factors such as the macroeconomic downturn and the epidemic, some home buyers have a strong wait-and-see mood. The backlog of rigid and improving demand may be gradually released after the third quarter, driven by the superimposed “Golden September and Silver October” and the National Day holiday atmosphere. It is optimistically estimated that economic recovery and expected improvement will promote the release of some polyurethane demand. In addition, the dominance of cyclopropane manufacturers is still , on the whole, it is expected that the price of cyclopropane will be stalemate in the short term, and the price will fluctuate mainly in the range.

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According to the data released by China Statistics Bureau, from January to August, the investment in national real estate development projects increased by 10.5% year-on-year, and the growth rate was 1-7 From January to August, the total sales area of ​​commercial housing decreased by 0.6% year-on-year, which was 0.7 percentage points lower than that from January to July. In August, under the background that the central government continued to tighten the control of real estate and tightened financial policies, the national real estate market continued to cool down, and market differentiation continued to intensify. From the perspective of the performance of the new housing market, the market sentiment dropped significantly in August. Most real estate companies slowed down the pace of launching new housing. The month-on-month price increase in hundreds of cities further narrowed.

The current domestic real estate downturn has a negative effect on software The impact of domestic demand for furniture and home appliances is still obvious—Limited orders and prolonged inventory consumption cycle. CurrentlyIndividual refrigeration manufacturers’ output increased month-on-month, but the overall production and sales of the industry were still dragged down by the decline in overseas demand, and the operation was weak. As the weather turns cooler, thermal insulation construction projects have been launched in early September, and the corresponding demand for spraying and panel-related raw materials has increased slightly from the previous month, but the overall demand performance is still relatively weak. When it is transmitted to the polyurethane raw material market, the mentality of the industry is difficult to shake, and the willingness to chase the rise is low. “There is a price but no market” is frequently staged, resulting in the environmental Oxypropylene and polyether polyols consolidated at a low level and fluctuated in a range.

Because of factors such as the macroeconomic downturn and the epidemic, some home buyers have a strong wait-and-see mood. The backlog of rigid and improving demand may be gradually released after the third quarter, driven by the superimposed “Golden September and Silver October” and the National Day holiday atmosphere. It is optimistically estimated that economic recovery and expected improvement will promote the release of some polyurethane demand. In addition, the dominance of cyclopropane manufacturers is still , on the whole, it is expected that the price of cyclopropane will be stalemate in the short term, and the price will fluctuate mainly in the range.