In May, the price of ethylene oxide is still in a stable state, with some fluctuations at the end of the month, propylene oxide is affected by the demand and cost of low prices, polyether because of the continued weak demand, coupled with the epidemic is still severe, the overall profit is small, the price is also significantly lower than in April, the overall market mood is not optimistic, in June, with the resumption of production in the epidemic areas, demand and the impact of the epidemic than in May or will gradually ease.

May polyether polyol industry chain main product market analysis

Epichlorohydrin: In May, the epichlorohydrin market continued to be weak and oscillating, largely showing the trend of first up and then down, during the May Day holiday, the raw material liquid chlorine broad rebound, strong cost support, coupled with Jilin Shenhua, Daze, Sanyue, Huatai device to reduce the negative or parking, supply and cost favorable, epichlorohydrin manufacturers raised factory prices, after the holiday logistics recovery, the market continued to slightly upward, but the downstream demand for limited sustained degree, coupled with East China market spot is abundant, the atmosphere is calm, the first half of the month spot basically show “tight north south loose” situation, the market gradually sideways finishing; mid, as demand continues to be light, while the raw material liquid chlorine retreat, the field bearish and other down atmosphere, coupled with factory inventory pressure, Shandong on behalf of the factory decisively cut factory prices, but the downstream chase up to kill under the Have to hedge, prices fell to a monthly low, Wanhua Phase II parking, Sinochem Quanzhou to reduce the negative, the market atmosphere warmed up, cyclopropane rebound, by the downstream demand for a short period of time, after a rebound of only 200 yuan / ton, hold steady and wait and see.

Ethylene oxide: In May, the domestic market of ethylene oxide was mainly stable, and the price was adjusted downward significantly at the end of the month. Ethylene prices continued to fall during the month, especially in Asia, and the cost pressure on ethylene oxide gradually eased. At the same time, downstream and terminal demand continued to be weak, and the motivation of receiving goods was low. As the price of ethylene continued to fall, the market sentiment at the end of the month, such as falling sentiment, factory shipments are not good, market trading continues to be light.

Polyether: In May, the domestic polyether market strengthened after a steady decline. The beginning of the month is about to usher in the May Day holiday, but the pre-holiday stocking intention is weak, the slow pace of shipments, holiday demand is still relatively light, the market is strong wait-and-see mentality, near the end of the polyether ushered in just the need to replenish the warehouse, the new single transaction followed up slightly, the demand performance is okay, but the overall sustainability is difficult to maintain, prices gradually fall under the upturn, the demand is more than just muted, until the second half of the year, in the price continues to be weak, demand has improved, but by the Terminal recession, demand is difficult to maintain, and sufficient supply, coupled with the impact of the epidemic still exists, the prosperous situation is difficult to find, the end of the month in the cyclic propylene cost support and the polyether to increase the amount of procurement of cyclic propylene, prices slightly upward, the good support slightly increased.

June polyether polyol industry chain main products market forecast

Epichlorohydrin: It is expected to continue the oscillation up and down the cost line in June, the average monthly price continues to be on the low side. Supply side, Jishen to raise negative, Daguhua new production capacity in the second half of the expected shipments, Hang Jin small device to continue parking, Sinochem Quanzhou parking 15 days, Huatai parking maintenance in the first half of the week, Wanhua continued parking, the market heard that there is a plan to raise negative mid-term, limited import sources, the supply side of the incremental trend, but the overall supply is expected to be stable and small; demand side, the traditional demand into the off-season, combined with the suppression effect of the epidemic and on the mentality Although the Shanghai epidemic is expected to improve, domestic demand is expected to recover relatively slowly under the weakness of the terminal, downstream exports may gradually pick up, and the demand side is expected to improve in June compared with May.

Ethylene oxide: The domestic market is expected to be weak in June or weak finishing. Ethylene market is expected to remain weak, but the downside space may have been limited. Ethylene oxide after the general decline, the theoretical profit space narrowed again, device start-up is expected to remain basically stable, downstream and terminal demand or will gradually recover, is expected to short term market digestion finishing mainly, pay attention to the recovery of demand.

Polyether: It is expected that the domestic market in June or oscillation wait and see. At present, affected by the epidemic and new production capacity uncertainty, polyether up or down, the beginning of the month ushered in the Dragon Boat Festival holiday, but the late last month just end of replenishment, the terminal market demand is weak, so the probability of centralized replenishment before the holiday is low, more maintain with the picking, coupled with the first half of the ring propylene new product placement, the overall trend or not too good, after the middle of the downstream inventory gradually low, or just need to take the intention, and the domestic epidemic Recovery in succession, demand than the previous period or a certain improvement, the downstream interest in raw materials procurement may have increased, supply and demand or both increased, coupled with the impact of the cost of cyclopropyl, so polyether up or down is possible, is expected to polyether market or oscillation wait and see, prices or slightly improved.