The Impact of Propylene Oxide on Polyurethane Exhibition Over the Years
2015: On the eve of the Guangzhou Polyurethane Exhibition, due to the general restrictions on the parking of the propylene oxide plant in North China during the military parade, the supply was reduced, and the market price was tight, but the demand performance was not good. At the end of the exhibition, with the end of the military parade, the load of the propylene oxide plant was concentrated, and the supply was instantaneously greater than the demand. The market price of propylene oxide was stagnant, falling by 1,000 CNY/ton.
2016: On the eve of the Shanghai Polyurethane Exhibition, due to the accidental downfall of Zhenhai Refining and Huatai and the continuation of the parking of the Jinpu Jinhu installation, the lack of supply side pushed the propylene oxide to a high level. However, as the price of propylene oxide climbed to a high level, the downstream resistance was strong. After the polyurethane exhibition, the market price turned into a high-level decline mode, with a drop of 500 CNY/ton.
2017: On the eve of the Guangzhou Polyurethane Exhibition, the propylene oxide market was upgraded to the highest level in the year under the supervision of the main factory and the support of the downstream stock market. During the exhibition, propylene oxide was in a high level of shipments and fatigue, and the downstream was in a strong stage. In addition, the load of Xinyue and Jinling devices increased, the supply was filled rapidly, and the price of propylene oxide dropped sharply, with a drop of 3,500 CNY/ton.
2018: On the eve of the Shanghai show at the end of July, some stages just started to appear, and the propylene oxide market's decline gradually stabilized. However, during the polyurethane exhibition, even if the propylene oxide plant parking news spread rapidly, the propylene oxide market price officially opened up the channel. After that, Xinyue, Sanyue and Binhua Plants reduced their losses to varying degrees. The factory continued to increase its confidence. The market price of propylene oxide rose by RMB 1,700/ton, a new high in the year.
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