In the first week of November, Zhenhai Phase II and Tianjin Bohai Chemical Co., Ltd. were negatively operated due to the drop in the price of styrene, the drop in cost pressure, the drop in epidemic control in Jinling, Shandong Province, the shutdown of Huatai for maintenance, and the commencement of domestic propylene oxide plants dropped to about 70%. However, such low commencement did not stop the downward trend of propylene oxide. When the price of propylene oxide dropped to around 8700 yuan/ton, the price of liquid chlorine of raw materials rose, Under the influence of the power plant, Shandong Sanyue has reduced the load of its units. Under the constraint of the cost of propylene oxide multi process, the superimposed supply has continued to be favorable, and the mentality of price fixing has risen again. The downstream is not too risky to wait for the continuous decline of propylene oxide. The increase is followed by the purchase. Some terminals are also making up for bargains periodically. The market atmosphere has improved, and the price of propylene oxide has stopped falling and rebounded.
In the second week, with the recovery of Sanyue unit load, the completion of Huatai’s maintenance, and the end of Dongying Guangrao’s control, Jinling’s load slowly returned to normal, and the domestic propylene oxide plant started slowly to rise to about 73%. The terminal returned to wait and see after it just needed replenishment in the later part of the first week. With no expectation of continued replenishment this week, the market was slightly short of support for positive points, but the raw materials propylene and liquid chlorine were both rising, and the propylene oxide was in a dilemma of rising and falling, With the rising of raw materials, the theoretical cost of chlorohydrin was forced to rise by 100 yuan, and the market atmosphere remained flat. At the end of the week, the news that Shandong large plants were outsourcing propylene oxide flowed into the market, and the market mentality was boosted. Shandong Shida Shenghua’s propylene oxide plant was overhauled, and the downstream was close to the surrounding outsourcing. Shandong Bluestar East started up, and purchased normally. The propylene oxide plant kept a relatively smooth delivery festival. On the second Sunday, Shandong represented a low inventory of the plant, and the market rose slightly under the condition of being reluctant to sell.
In the third week, the market started slightly higher in the north. At present, there are many empty messages in the propylene oxide market. The advantages are: Shandong Huan C Plant, under the influence of the epidemic situation, has reduced the load of its units; Sinochem Quanzhou has a load reduction plan, and the spot supply to the market is limited; Shandong Dachang is expected to continue to extract propylene oxide; Production reduction of China’s marine shell industry chain. Most of the negative points are new units: Qixiang Tengda’s propylene oxide unit is expected to produce materials, and the specific process still needs attention; There is a monthly feeding plan for Taixing Yida device; At present, the feed liquid chlorine and propylene are in weak operation and difficult to support in a short time; Affected by the off-season and epidemic situation of the industry, the activity of the terminal is always low. In the short term, it is expected that the propylene oxide market will operate slightly stronger under the support of favorable supply. In the future, if the cost continues to be difficult to support, the propylene oxide will still have the expectation of pressure decline. Supported by the cost of the new process, the space for decline is limited. In the future, the propylene oxide is expected to maintain a narrow vibration, with little space up and down.