PO SITUATION IN CHINA

Currently, domestic PO market is deadlocked few trade and investment in the market. For the raw material, propylene is weak and bump, chlorine is working ordinary. So cost of chlorohydrin method would be stable with little fluctuation.

When it comes to suppliers, Jinling reduced its capacity to 70% from 24th and Huatai stopped its half facility since 25th. Therefore, supply will be shrink obviously. It will support the cost for PO. 

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However orders for polyether polyol and polymer polyol is not good enough, even many plants bought one week ago. Right now, few buyers place their orders except those who have to. Besides, transportation is not as smooth as before due to sanitary everts. Market is consolidated temporarily. We need to pay more attention to raw materials supply and see what would happen then.

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Post time: Oct-27-2022