Epoxy propane prices high in July and August

July-august was in the traditional off-season, but the supply dropped sharply in the middle of the month to support the surge. Then the outbreak of the epidemic suppressed the demand, but in September, the maintenance news of large factories fermented, supporting the relative deviation of cypropyl polyether in August, and cypropyl continued to perform better in terms of price, volume and profit.

From July to August, propylene oxide kept running at a high level: 14100→17800-17900→16000→16700→15500→15600

The concentrated rain weather in July and the unexpected failure of the device led to a sharp rise in the price in the middle of July, and there was an extreme situation of a daily increase of 500 CNY/ton. The rapid rise fell with the outbreak of the epidemic, and the news of maintenance of large factories was fermented in advance again at the end of the polyurethane exhibition.  At the end of July and the beginning of August, shandong factory gradually increased volume, and most of the downstream can be properly operated to hedge follow-up maintenance, the production and marketing of cyprol is smooth, polyether short order deviation market.  Part of the downstream spot supplement at the end of the month to successfully digest the mid - slow exhaustion, the end of August the market again sideways.  There are large factories to be repaired, but there are also uncertainties on the demand side, continue to control the mentality.

The supply of propylene oxide remained high in July-August: around 350,000 mt/month.

In July shandong Binzhou factory accident is the biggest reduction point, and into August Dagu aging device out of the stage, changling and Shida maintenance, so although fuqiang into a relatively stable operation state, but the assessment of the overall domestic operating rate in July-August maintained at 320-330,000 tons level.

From July to August, there are fewer overall bright spots in the downstream: polyether operation space is limited, and the chemical sector is not enough.

The average price difference of Shandong Po-PPG from July to August is 320 CNY/ton.  In July, the supply of cyclopropylene skyrocketed and fell rapidly, po-PPG profit upside down;  However, it is expected that the overhaul of large factories in August will continue to limit the enthusiasm of middle and downstream factories to purchase CIPRO, and PO-PPG will maintain a low price difference of 200-300 CNY/ton.

Although propylene glycol (16000-17500)/dimethyl carbonate (7000→11000→8000→8500) overall remained at a high level, the gross profit was once nearly ten thousand/ton, but the wind, Haike, Weils, Yulin, Shida have faults or maintenance, shun Xin briefly restarted after stopping again, the lack of supply side to the highest market contribution.

Finally, the biggest follow-up benefit is still from the overhaul of internal and peripheral devices and the epidemic outside, but the uncertainty is the congestion of shipping and overdraft of demand. Short-term mentality is still cautious, waiting for the big factory overhaul landing and the effect of the traditional peak season.