Since late April, the domestic epoxy propane market has once again fallen into a trend of interval consolidation, with a lukewarm trading atmosphere and a continuous supply-demand game in the market.

Supply side: The Zhenhai refining and chemical plant in East China has not yet resumed, and the satellite petrochemical plant has been shut down to eliminate shortages. The performance of spot resources in the East China market may be slightly tight. However, the supply in the northern market is relatively abundant, and production enterprises generally ship goods, resulting in a small accumulation of inventory; In terms of raw materials, the propylene market has bottomed out, but currently prices remain low. After nearly a week of stalemate, the liquid chlorine market has fallen under pressure to subsidize sales in the second half of the year, resulting in a significant decrease in cost support for PO enterprises using the chlorohydrin method;

Demand side: Downstream demand for polyether is flat, with average enthusiasm for market inquiries, stable shipments from various manufacturers, mostly based on delivery orders, combined with the recent price range of EPDM. The purchasing mentality of enterprises is also relatively cautious, mainly to maintain rigid demand.

Overall, the propylene market on the raw material end is weak, while the liquid chlorine market is still weak, making it difficult to improve the support on the raw material end; In terms of supply, the Zhenhai device may resume in early May, and some pre inspection devices are also planned to resume their expectations in May. There may be a certain increase in supply in May; The demand in the downstream polyether market is average, but this week it may gradually enter the stocking stage before the May Day holiday, and the demand side may have a certain favorable boost. Therefore, overall, the epoxy propane market is expected to steadily improve in the short term.