Propylene oxide Prices, markets & analysis
ICIS price reporting for regional Propylene oxide markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
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Propylene oxide Asia Transcript
The weekly ICIS Asia Pacific propylene oxide (PO) report covers both contract and spot prices. Quarterly contracts are assessed for domestic markets such as Japan and South Korea.
On spot, we monitor both the cost & freight (CFR) import and delivered domestic prices in the critical China market. Providing details of deals and buy-sell ideas for Eastern and Northern regions.
To support assessments, our commentary provides analysis of the supply and demand situation, where recent import volumes and any production issues and outages are listed.
Monthly data on production of upholstered furniture in China is also included.
We provide essential context for our readers by including the latest information on upstream propylene and chlorine prices and key downstream flexible polyether polyols slab stock numbers.
The ICIS report helps readers to understand the market and our accurate price assessments have become essential tools for contract negotiations.
Propylene oxide news and market information products from ICIS
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Spot import prices in China followed an upward momentum through January ahead of the Lunar New Year holidays, attributed to limited spot import availabilities and some restocking by buyers.
In the week leading up to the holiday, domestic prices in China were heard plunging, attributed to local producers’ eagerness to offload stocks ahead of the holiday. After the holiday, spot import prices declined briefly, and by a lesser extent, as the domestic price decline was deemed temporary and specific to the domestic market, according to market participants.
Spot import prices and Chinese domestic prices were heard recovering from mid-February to mid-March. Market players said that upcoming maintenance shutdowns around the second quarter could further tighten the overall supply conditions.
In late March, Chinese domestic prices were heard plunging sharply again due to price cuts by some local producers facing mounting inventory pressure after buyers reduced purchases partly because of increasing margin and inventory pressure on the downstream.
Spot import suppliers were heard to be unwilling to reduce their respective prices to match the extent of the domestic price decline, which was deemed to be due to local supply factors specific to the domestic market, while the spot import market was deemed to remain underpinned by tight supply fundamentals.
Fourth-quarter contract prices for PO were heard rolled over from the previous quarter in South Korea, on the back of stable demand. In Japan, fourth-quarter contract prices for PO were heard settled at higher prices compared to the previous quarter, in tandem with the quarter-on-quarter increase in fourth-quarter naphtha prices in Japan.
Updated to Q1 2014
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Propylene oxide.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Propylene oxide. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Propylene oxide, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.