5Propylene oxide market review in the first half of the month
During the May Day, due to the hydrogen peroxide explosion incident of Luxi Chemical Industry Co., Ltd. Annual production of 10,000 tons / Wanhua Chemical 300,000 tons / 650,000 tons of PO/SM have been shut down for maintenance, and the short-term cyclopropane supply reduction supports the price to continue to rise to 10,200-10,300 yuan/ton after the festival, with a wide increase of 600 yuan /Ton. However, with the heavy export of Jincheng Petrochemical, the restoration of the short-term shutdown of the power plant at Sanyue Plant, and the restart of the Phase 1 plant in Ningbo Haian, the supply of cyclopropane has increased significantly, and the downstream demand is weak. The industry still has bearish concerns and cautious purchases. The arrival of American Covestro polyether to Hong Kong intensified competition, and the market from cyclopropylene to polyether dropped rapidly. As of May 16, the mainstream ex-factory price in Shandong fell back to 9,500-9,600 yuan/ton, and the price of individual new devices reported to 9,400 yuan/ton.
5Propylene oxide market forecast in the second half of the month
Cost side: Propylene goes down in a wide range, liquid chlorine fluctuates, and cyclopropane support is limited. According to the current liquid chlorine-300 yuan/ton; propylene 6710, the profit of the chlorohydrin method At 1,500 yuan/ton, the overall price is considerable.
Supply side: Zhenhai1 Period installation7-8 Daily feeding, the load is basically full; Jiangsu Yida and Qixiang Tengda are expected to restart one after another; Jincheng Petrochemical is officially on sale, relatively4 The monthly supply increment is obvious. For the time being, only Shell’s reduction and Jiahong’s new materials (parking to eliminate shortages, no inventory for sale, plans to drive on May 20-25, delivery after driving) and WanhuaPO/SM（30/65 tons /year) installed in5 Month8 Continuous overhaul starting today45 About a day.
demand side: The activity of the national real estate market has declined, and the market is still facing downward pressure. The downstream demand recovery of polyurethane is slow and weak: the summer is falling, the temperature is gradually rising, and the sponge industry is turning into an off-season; the demand momentum of the automobile market is still weak, and the effective demand has not yet been fully released; household appliances/North insulation pipeline engineering/partial cold storage construction projects Just need to get the goods, the order performance is average.
Comprehensive:It is expected that the domestic propylene oxide market will continue to be weak in late May, and the price is expected to fall below 9,000.
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