① Several units on the domestic market, including Zhenhai Phase 2, Zhonghai Fine Chemicals, and Guoen, have shut down. Trading sentiment remains positive.
② The capacity utilization rate for propylene oxide (PO) in China today is 73.93%.
Table 1: Domestic Propylene Oxide Price Summary (Unit: CNY/ton)
| Product | Market Name | 2026-10-08 | 2026-10-09 | Change Value | Change Rate | Unit |
|---|---|---|---|---|---|---|
| Propylene Oxide | Shandong | 10,900–11,000 | 11,100–11,300 | +200 / +300 | +1.83% / +2.73% | CNY/ton |
| Propylene Oxide | East China | 11,000–11,100 | 11,300–11,500 | +300 / +400 | +2.73% / +3.60% | CNY/ton |
| Propylene Oxide | Northeast | 11,070–11,100 | 11,270–11,300 | +200 / +200 | +1.81% / +1.80% | CNY/ton |
| Propylene Oxide | South China | 11,100–11,200 | 11,300–11,500 | +200 / +300 | +1.80% / +2.68% | CNY/ton |
| Flexible Polyol | Shandong | 11,600–11,900 | 11,800–12,000 | +200 / +100 | +1.72% / +0.84% | CNY/ton |
| Flexible Polyol | East China | 11,600–12,000 | 11,800–12,300 | +200 / +300 | +1.72% / +2.50% | CNY/ton |
Data Source: Chempricehub Information
Based on the Shandong region as a benchmark, the closing price for propylene oxide today was 11,200 CNY/ton, representing a period-on-period increase, which aligns with morning expectations.
Today, the domestic propylene oxide market continued to rise. Supply-side units operated steadily, allowing for smooth shipments even after the holiday break. Most operating plants maintained low inventory levels; some offered high premiums to secure limited transactions. On the raw material side, propylene prices remained high and continued to climb, providing strong support. Downstream demand showed acceptable rigid needs post-holiday, maintaining follow-through purchasing. Consequently, the market trended strongly.
Propylene oxide capacity utilization stands at 73.93%. Currently, units such as Zhenhai Phase 2, Zhonghai Fine Chemicals, and Guoen are shut down, keeping cost support stable.
Looking ahead, the market will maintain short-term bullish support. New offers in the afternoon continued to rise. Attention should be paid to the sustainability of downstream performance. Prices are expected to gradually adjust upward tomorrow.
Propylene Market: Today, propylene prices in Shandong continued their upward trend. The mainstream closing reference range was 10,240–10,350 CNY/ton, with an average price of 10,295 CNY/ton, up 220 CNY/ton from the previous working day. International crude oil prices strengthened, enhancing cost support for propylene. Producers experienced smooth shipments, with offers primarily trending higher. Downstream factories purchased according to demand, causing the real transaction center to rise simultaneously.
Liquid Chlorine Market: In Liaocheng, Shandong, some downstream customers temporarily halted purchases. Following recent price reductions, enterprise inventories remain manageable, and shipments are decent, leading to stable liquid chlorine prices. Current regional prices are: North Shandong (Lubei) 250–300 CNY/ton; South Shandong and Southwest Shandong 100–250 CNY/ton; Jiaodong Peninsula 250–300 CNY/ton.
Flexible Polyol Market: Price dynamics for flexible polyols: Shandong reference is 11,800–12,000 CNY/ton (cash basis); East China negotiation is 11,800–12,300 CNY/ton (cash basis, delivered); South China negotiation is 11,900–12,400 CNY/ton (cash basis, delivered). Specific negotiations apply. Early morning spot markets consolidated at high levels. Suppliers' new quotes continued to rise, lifting the market center. Downstream inquiries were cautious, with limited actual transactions.
Table 2: Domestic Propylene Oxide Data Overview (Units: 10,000 tons, CNY/ton)
| Data Item | Release Date | Current Period Data | Expected Trend for Next Period |
|---|---|---|---|
| Weekly Capacity Utilization | Thursday 5:30 PM | 73.93% | ↘ |
| Weekly Output | Thursday 5:30 PM | 13.85 | ↘ |
| Weekly Chlorohydrin Process Profit | Thursday 5:30 PM | -565.25 | ↘ |
Notes:
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