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
We offer the following regional Propylene oxide coverage to keep you informed of factors and developments affecting prices in the Asia Propylene oxide marketplace.
Price Reporting – More information about the price reports we publish on Propylene oxide
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Price History – More information about the historical price data we publish on Gas
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News & Analysis - News & market analysis specifically relating to Propylene oxide
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q4 2016
Spot import prices for propylene oxide (PO) in China peaked in early October in line with the surge in domestic prices. Thereafter, average import prices tumbled by 35% over a short span of one month to pre-upsurge levels in H1 July at $1,100/tonne CFR (cost & freight) China on 4 November, before stabilising and moving sideways within a narrow range until H1 December.
China domestic prices also fluctuated during the quarter, plunging from its peak in mid-October by a cumulative 36%, or yuan (CNY) 5,000/tonne in absolute terms, to reach CNY8,900/tonne DEL (delivered) China on 4 November. Prices subsequently rebounded to CNY10,425/tonne DEL China on 9 December.
Domestic prices slumped despite reduced supply from output cuts due to ongoing environmental checks at Shandong plants in October. This was because buyers’ concerns over prolonged supply disruptions from the checks were largely unfounded, with most plants having resumed normal operations by November. Moreover, the excessive increase in domestic prices of toluene di-isocyanate (TDI) in October had curbed the demand for downstream polyols from foam makers. TDI and polyols are the two main components used in the production of polyurethane (PU) foam.
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.