China Propylene Oxide Weekly Report 20180730-20180803
2018-08-07    [Source:PUdaily]

PUdaily Shanghai--  This week, domestic PO market kept falling. Jinling and Wanhua restarted their facilities at the beginning of the week. Increases in supply lead to a decline on PO price. When approaching the weekend, upstream Propylene price rose. Demand for downstream polyols unexpectedly became better. PO prices stopped falling temporarily and showed a sign of slightly increase. One mainstream manufacturer in East China played one-off catch up in the middle of this week. Some other manufacturers increased its price on Friday.

As of Friday, the mainstream offer for Shandong- and North China-originated PO stands at RMB 11,300-11,500/ton EXW in bulk in cash. That for East China-originated goods stands at RMB 11,600-11,900/ton DEL in bulk in cash.

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