Recently, domestic propylene oxide prices continue to rise! The latest high domestic propylene oxide price has reached the 20,000/ton mark. Market participants have responded that the current supply of propylene oxide plants is in short supply, especially in East China where the supply is still tight, and the overall inventory is not under pressure.
On the supply side, Saudi Arabia’s Sumitomo’s equipment continues to be overhauled, and the impact of the US cold wave force majeure still exists. Imported cyclopropyl is expected to remain at a low level. Domestically, it is difficult for new equipment to produce stable output. Overhauled by Shandong Xinyue and Shida Shenghua’s maintenance plans are fulfilled , The supply of propylene oxide this week is expected to shrink within a narrow range from last week.
In terms of demand, downstream polyether and other industries just need support, and the shortage of foreign polyether and other raw materials is temporarily difficult to alleviate. Therefore, downstream export orders are still good, giving propylene oxide demand support.
On the whole, after propylene oxide hits a record high, it is still easy to rise but difficult to fall in the short term, and it is expected that it will continue to run at a high level.
