[News & Trends]:Domestic propylene oxide in September showed an overall trend of first up and then down

In September, the domestic propylene oxide as a whole showed the first up and then down trend, although the second half of the month for a short period of time to turn losses into profits but the continuity is not good, followed by increased supply in the regions, but the downstream buying atmosphere is light, the terminal conduction is not good, the market is more stalemate game, near the end of the month, a representative enterprise in the north because of the power plant device slightly reduced negative, the market is once again stalemate situation. As of September 29, the PO spot exchange in Shandong region to perform 9650-9900 yuan / ton.

In the first half of the month, the southern region Quanzhou, Shell, Zhenhai and Changling devices are maintained at low load / parking operation, coupled with a significant reduction in the month of imports, the field spot circulation is insufficient, East China on behalf of enterprises to take the lead in breaking the stalemate offer to pull up the market; the northern region Jishen and Dagu continue to stop, and Wanhua po / sm device also continue to run at low load, the overall circulation of the northern market is tight, enterprises go smoothly In addition, also by the East China market baking quotes pushed up. Mid-term. The domestic propylene oxide market was more stable, after a short period of small stage push up, due to Dagu and Jishen device drive, the supply in the field rose significantly, on behalf of the enterprise slowdown, the market was under pressure to open the fast fall mode, the drop of up to 800 yuan in the middle of the month to the lowest level of 9700 yuan / ton in the north, and then the market continued to fall, some of the downstream have some replenishment into the market mentality, and the price difference between the southern and northern regions gradually appeared, East China Downstream has a certain northward purchase, enterprises go smoothly before the accumulation of stock digestion transfer, and polyether sub-grade different are ushered in a small order, the supply side of the stock more than digestion market stopped and stabilized narrowly pushed up a hundred yuan. Near the end of the month, the previous overhaul to reduce the negative enterprise more recovery, the field supply is abundant, coupled with the terminal preparation will be poor, downstream procurement also more than maintain the minimum contract to follow up few transactions, the market again showed a stalemate game stage.

After the market, the raw material side of propylene consolidation operation, liquid chlorine stable gradually weak, the cost side support strength is general; supply side of East China and Jishen source of goods suspended by the impact of the holidays outside the sale, Dongying on behalf of the enterprise device slightly reduce the negative, and Lubei device during the November holidays also exist a certain negative plan, coupled with the intention of the North China enterprises to sign the shipments of goods outside the sale, the supply of this positive support, the market decline slowed down, or will continue to stabilize the consolidation degree market The market will continue to stabilize and consolidate. After the return of the holiday, although the Wanhua device plans to reduce the negative, but the resumption of regional capacity, the previous capacity to stop the sale of enterprise sources also resumed normal sales, coupled with the Dongying and Lubei negative device may resume, the field supply rebound, the market once difficult to change the stalemate short. Concerned about the follow-up of the terminal and the device surface dynamics after the holiday.



Translated with DeepL