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.
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Updated to Q1 2019
Supply is expected to veer slightly on the tight side, as several plants in Middle East, amounting to more than 500,000 tonnes/year of production capacity, are likely to shut for several weeks to a month during the quarter for maintenance. In China, a few plants are also shut or running at lower rates, due to various reasons such as servicing or limitations from poor weather conditions.
Demand is expected to be muted, as the major outlet in China will shut for an extended period during the quarter for the extensive Lunar New Year celebrations in February. Downstream polyols makers are also cautious with operating rates, as they watched anxiously how the current US-China trade truce agreement may pan out after its expiry in March 2019.
European propylene oxide (PO) supply could decrease during the first quarter of 2019, if re-stocking activity occurs and there is a strong winter season demand pull from the downstream de-icer sector. However, the latter will also need to be weighed against existing stocks that are in place. Preparation for spring cracker turnarounds could also have a bearing on PO availability during the first few months of 2019. However, downstream polyols evolution will also remain a main consideration, because if polyols demand does not pick-up in any significant way during the first quarter of 2019, this could mean a more relaxed PO supply situation.
European propylene oxide (PO) demand evolution during the first quarter of 2019 will depend on to what extent restocking activity occurs amid economic and political uncertainty. PO demand will also depend on whether downstream winter season demand kicks in in earnest and whether polyols demand recovers and preparation for high season takes place during the first quarter of 2019.
Updated to Q4 2017
PO supply is likely to tighten as demand increases on concerns about availability because of production issues after hurricane Harvey. In the US, there are four major producers of propylene oxide (PO), with the bulk of production being captive, and, as a result, minimal market information is available.
Demand for PO and downstream polyols is rising in early October, on industry participants’ concerns about securing inventories in the aftermath of hurricane Harvey. However, the increase in demand may moderate as plants regularise production.
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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.
SAN ANTONIO--US supply of propylene oxide (PO) is adequate but could tighten before new capacity comes online, a source said on Sunday. "If the...Read
LONDON (ICIS)--The outlook for European glycol ether demand is likely to remain slow in February largely due to ample supply. European competition...Read
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