What do you think of the cyclopropane market in November?

October Review

As the traditional peak season of “Silver Ten”, the propylene oxide market was mediocre, far below expectations. The first period of the National Day holiday was smooth, and the propylene oxide market was benefiting from replenishment on the demand side and individual fluctuations on the supply side at the end of the holiday. The price quickly rose from 9,500 yuan/ton to 10,200 yuan/ton, but the rise fell rapidly. The follow-up of domestic demand is weak, and the external demand polyether export is difficult to improve due to the restraint factors such as the European energy crisis, the continued ravages of the new crown, high inflation in Europe and the United States, the Fed’s strong interest rate hike, and the sharp depreciation of non-US currencies. The partial recovery of the plant, and the successful start-up of Taixing Yida’s 150,000-ton propylene oxide plant successfully hit market expectations. It is difficult for cyclopropane to maintain a high level of 10,000 yuan. 9350-9450 yuan / ton.

November forecast

In November, Taixing Yida continued to increase its burden; Tianjin Sanpec and Qixiang Tengda put into operation expectations, and the overall supply of cyclopropane increased; while the terminal industry entered In the traditional off-season, demand is expected to turn weak. Among them, the consumption of the runway industry will decline, the construction of the insulation and pipeline industries in the north will weaken, the sponge industry is expected to fluctuate, and the automobile industry may increase production by the end of the year. It is expected that cyclopropane will be weak and fluctuate.