China Propylene Oxide Weekly Report 20180723-20180727
2018-07-31    [Source:PUdaily]

This week, domestic PO market starts to fall. Huatai facilities restart on Monday. Besides, Jinling claims all PO facilities have been shut down. However, PO price still drops down secretly. In the middle of this week, some mainstream manufacturers reduce the PO quotation. The firm offer is RMB 200-300 less than quotation. Downstream demand is relatively weak. Clients adopt a wait-and-see stance in anticipation of a further decline.

As of Friday, the mainstream offer for Shandong- and North China-originated PO stands at RMB 11,350-11,600/ton EXW in bulk in cash. That for East China-originated goods stands at RMB 11,800-12,100/ton DEL in bulk in cash.

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