ICIS publishes our reliable and trustworthy propylene oxide report in Asia, Europe and the US on a weekly basis. Independent and unbiased pricing assessments are quoted for spot and contract, depending on the region. Our locally-based reporters gather market intelligence to compile commentary to include insight into demand and supply movements, upstream and downstream trends, trade and production data and any other key influencing factors that may impact prices in the market at the time.
If you’re involved in this market, ICIS can provide you with this essential tool to make informed and confident business choices.
Updated to Q1 2020
Regional supply fell in Q1 on the back of scheduled maintenance at some key producers’ units in the Middle East and Asia. Some producers were cautious about their operating rates and output, especially during the Lunar New Year period. In China, outages in Q1 weighed on availability. When the coronavirus spread in Asia, lockdowns and manpower shortage also led to declines in supply among regional makers.
Cargo uptake slowed down in Q1, as numerous negative market factors weighed on buyers’ confidence and downstream demand. The coronavirus outbreak weighed heavily on end-users demand for finished goods, which led most buyers to stay on the sidelines. Logistical woes and manpower shortage also hampered trade. Additionally, the plunge in crude futures weighed heavily on market sentiment, as heavy losses in feedstock pricing dampened buying interest.
Supply was relatively balanced in Q1. There was a curtailment in supply from Repsol’s Tarragona PO/SM plant in January and February, but this did not tighten the market. Towards the end of the quarter, integrated sellers moitored internal PO balances as the coronavirus started to impact the automobile industry downstream of polyols. However, operating rates were reported as steady.
Demand from the downstream polyols market appeared slightly stronger at the start of Q1. However, once the coronavirus took hold, offtake from the automobile sector was slashed as car producers shut plants. Monopropylene glycol (MPG) demand was sluggish from the de-icer sector due to the milder weather, and while the construction indsutry started well, it faded towards the end of the quarter following lockdowns and other logistics restrictions. Some related sectors saw a boost in demand such as pharmaceuticals and food packaging.
We offer the following regional Propylene oxide analysis and news coverage to keep you informed of factors and developments affecting prices in the Propylene oxide marketplace.
Price Reporting – More information about the price reports we publish on Propylene oxide
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Propylene oxide
Track historical price data
News & analysis
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.
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
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.
Over 80% of propylene oxide (PO) goes into two main uses: polyether polyols (60%) and propylene glycol (21%).
Propylene oxide (PO) is a very volatile, colourless, flammable liquid with a characteristic ether-like odour. PO reacts violently with chlorine, ammonia, strong oxidants and acids causing fire and explosion hazards.
Propylene oxide is a highly reactive chemical used as an intermediate for the production of numerous commercial materials. The largest derivative of PO is polyether polyols, one of the main components used in the manufacture of polyurethanes. Propylene glycol (PG) is the second largest PO derivative.
Propylene oxide is made traditionally by chlorohydrin or epoxidation routes. The propylene oxide/styrene monomer (PO/SM) epoxidation process had been gaining in popularity due to its superior economics. However, new PO technologies that do not made coproducts have now been commercialised.
General downstream PO sectors include bedding and furniture; construction and automotive.
The polyolefins week provides maximum learning and networking opportunities with two training courses, ICIS World Polyolefins Conference and ‘Creating a Circular Industry’ Workshop – all designed to strengthen your knowledge on the polyolefins industry.