according to market reports, as of june 28, 2022, the shandong market for propylene oxide has dropped to 9500 -9600 yuan / ton, a thunder on the ground, breaking the lowest record since the first quarter of 2020.
2021 year “rocket to the sky”
2021year 3-4 monthly overseas supply and demand imbalance, cyclopropane broken 20000 ozeki. the second phase of china sea shell, sinochem quanzhou, and fuqiang new materials have been put into production one after another, the market is well supplied. peripheral saudi arabia, new shell maintenance, add us polyether cyclopropane factory force majeure, domestic the export volume of polyether increased greatly. may day holiday is approaching, nstream concentration just needs replenishment, orders from propylene oxide to polyether polyols have improved significantly ， the price directly wins20000 yuan/ton,.
2022 year “torpedo into the sea”
supply level:6 on march 21, tianjin bohua’s 20/450,000 tons/year po/sm unit successfully produced qualified propylene oxide, and the supply side continued increment, price competition and inventory pressure continued to intensify.
requirement level:as the largest nstream of propylene oxide (accounting for about 77.2% of the demand for cyclopropane), polyether polyols are mainly it is used to produce polyurethane foam, and its nstream terminals mainly include upholstered furniture, white goods and automobiles. the performance of the main nstream industries in the first half of 2022 is as follows :
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nstream |
2022first half of the year circumstances |
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soft furniture |
upholstered furniture is closely related to the real estate industry. in the first half of 2022, the nward pressure on china’s real estate market will continue. insufficient market confidence and superimposed impact of the epidemic, the overall supply and demand and transactions in the market show no obvious signs of warming up. currently, the market is bottoming out and the sales performance of enterprises is sluggish. the real estate market has not improved significantly in the short term. sponge enters the off-season in june. |
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car |
guangdong, shanghai, and jilin are the gathering areas of my country’s auto industry, and passenger cars in the three regions the output accounts for 28% of the national output. from march 2022, the domestic epidemic situation has intensified, and shanghai, changchun and other places are precisely the hardest hit areas. as of june, it will return to normal, and it will take time to transfer to the polyurethane raw material market.
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white goods (refrigerator freezer) |
from the second quarter of 2021 to the first quarter of 2022, foreign epidemic prevention and control measures will be relaxed , the supply chain resumed, overseas consumer demand fell, superimposed on the domestic epidemic situation and high raw material prices, domestic cold export volume and production fell year-on-year. the export volume of refrigerators decreased by 8% year-on-year, and the output decreased by 6% year-on-year; the export volume of refrigerators decreased by 14% year-on-year, and the output decreased by 8% year-on-year |
mentality level: after tianjin dagu successfully put into operation, qixiang tengda, tianjin sanpec, jiangsu yida, etc. many sets of equipment are expected to be put into production, and the demand side continues to be sluggish: sponge is in the off-season, although the demand for engineering has improved, the raw material polyester used is more, the demand for polyether has shrunk, and the export feedback is not ideal, partly because of the decline in overseas demand , in addition, sea freight remains high, external price competition is fierce, and the competitiveness of domestic products is weak. industry players are on the sidelines while avoiding risks, and maintaining moderate purchases is still the mainstream.
on the whole, it is expected that the propylene oxide market will continue to be weak.
from the second quarter of 2021 to the first quarter of 2022, foreign epidemic prevention and control measures will be relaxed, the supply chain will recover, and overseas consumer demand will fall. overlapping the domestic epidemic situation and high raw material prices, domestic cold export volume and production will decline year-on-year. the export volume of refrigerators decreased by 8% year-on-year, and the output decreased by 6% year-on-year; the export volume of refrigerators decreased by 14% year-on-year, and the output decreased by 8% year-on-year
mentality level: after tianjin dagu successfully put into operation, qixiang tengda, tianjin sanpec, jiangsu yida, etc. many sets of equipment are expected to be put into production, and the demand side continues to be sluggish: sponge is in the off-season, although the demand for engineering has improved, the raw material polyester used is more, the demand for polyether has shrunk, and the export feedback is not ideal, partly because of the decline in overseas demand , in addition, sea freight remains high, external price competition is fierce, and the competitiveness of domestic products is weak. industry players are on the sidelines while avoiding risks, and maintaining moderate purchases is still the mainstream.
on the whole, it is expected that the propylene oxide market will continue to be weak.
