As the new crown epidemic has been effectively controlled in our country, various support policies have been successively We have made great efforts to vigorously promote the resumption of work and production, the domestic economy has basically returned to normal, and life has gradually returned to the right track. On May 11, Wang Ningning, an analyst at Jinlianchuang Chemical, believed that after returning from the May Day holiday, the market focus of propylene glycol raw material propylene oxide increased slightly, the raw material propylene was quoted higher, and the cost was put under pressure. Factory inventories were worry-free, and the market was actively supporting the market. city.
After the May Day holiday, the performance of new purchases of polyether downstream of propylene glycol was acceptable, providing upward support. The cyclopropane plant’s intention to support the market has not diminished, and the focus of negotiations continued to rise, with an increase of 700 yuan/ton. The rise in raw materials continues unabated. Under cost pressure, propylene glycol factories actively follow the rise and maintain a strong trend after the holiday. Whether the propylene glycol market, which was previously sluggish under the epidemic, can now get out of the predicament depends first on the cost of raw materials. The price of propylene, the raw material of cyclopropane, has remained firm. In addition, many factories have no inventory pressure. The atmosphere of the downstream phased replenishment after the May Day holiday is acceptable. The cyclopropane factories are actively supporting the market, and the short-term market still has upward expectations. However, as downstream replenishment gradually ends, the volume of new orders shrinks, and the room for continued growth is limited. Secondly, look at the spot supply. The 75,000-ton/year unit in Dongying New District of Shandong Shida will be shut down for maintenance for about half a month on May 3. The 50,000-ton/year unit in Jining Yankuang will reduce its production load around May 14 due to steam failure. Operating at full capacity.
“As the main factory in the propylene glycol market, the shutdown of the 75,000 tons/year device in Dongying New District, Shida, Shandong has greatly reduced the spot supply of the market, making the already tight propylene glycol supply further stretched, so the factory has low prices Be reluctant to sell, but the offer is strong.” Wang Ningning said.
Third, look at the terminal demand side. As my country’s domestic epidemic has been well controlled, the demand for unsaturated resins in the main downstream industries has improved. Some factories have reported a steady increase in orders, and the start-up of factory equipment has increased. The demand for raw materials has increased. The purchasing department even said that it is difficult to find a single product, which has strengthened the propylene glycol market. Add fuel to the flames.
“Taken together, at present, the cost support of my country’s domestic propylene glycol market is strong, and there is no pressure on factory inventory. In addition, the terminal downstream demand is increasing, and the factory’s positive attitude towards raising prices is obvious. The short-term market is still mainly strong. There may be no shortage of narrow upward testing expectations.” Wang Ningning analyzed.
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