Yesterday, the domestic po market continued to rise, with the main offer in Shandong reaching 9500-9600 cny/ton. From the view of raw material market, propylene turns weak, well liquid chlorine remains stable and strong. Pressure on cost is still huge, and profit margin of chlorohydrin method is weak. 

The supply is relatively sufficient now, but at present, with the decline of enterprises’ purchase, inventory has accumulated slightly. Orders were flat, and plants was cautious about buying at high price level. Currently, the offer of the main enterprises remained stable. It is expected that propylene oxide market will be dominated by stalemate. It is still necessary to wait and see how foam plants reflect on this tough situation.

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