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Updated to Q3 2017
China PO plants, especially those located in Shandong using the chlorination method of production, were running at reduced rates due to environmental inspections conducted by the central authorities. There were also occasional supply disruptions to eastern Chinese plants in Q3 due to turnarounds. The start up of Jinling Huntsman's plant in Nanjing in late-June did not help much in alleviating the tight supply situation.
Demand from the downstream polyols sector was weak in Q3 in the midst of the traditional lull demand season every June and July. Moreover, polyols producers are buying on a need-to-basis as their margins were being tightly squeezed by high prices of PO and other feedstock toluene di-isocyanate (TDI) and polymeric methyl di-p-phenylene isocyanate (PMDI). Polyols producers were not able to pass on the full extent of the cost increase to downstream foam makers.
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.