After the Spring Festival, around the factory gradually return to work, the chemical market came the news of the price increase of propylene oxide again.According to information, after the holiday propylene oxide manufacturers raised their prices one after another, following last week in Shandong, South China, East China and other major producing areas After the general price increase, February 26, Wanhua Chemical, Tianjin Dagu and other manufacturers continue to raise prices.
Long Yao, petrochemical analyst Cheng Yao told the "Daily Economic News" reporter, propylene oxide prices and market supply and demand imbalances last year, affected by environmental protection policies, the industry as a whole operating rate of only about 75%, reducing the supply of phases Market speculation, making propylene oxide prices continued to rise.
This reporter has learned that the downstream products of propylene oxide mainly polyether polyol, is the raw material for white foam in the refrigerator foam material .Propylene oxide prices also led to rising costs of white material, on the other hand, the refrigerator foam material Black material last year, prices soared.Thus, the domestic refrigerator manufacturers increased the cost of pressure control.Propylene oxide opening price adjustment
Propylene oxide is an important basic chemical raw materials, mainly for the production of polyether polyols, propylene glycol, which, polyether polyol is an important raw material for the production of polyurethane foam.
According to information from Baichuan, February 26, the main producer of propylene oxide Wanhua Chemical raised the offer for 12,900 yuan / ton, Tianjin Taku reported 12,400 yuan / ton to 12,500 yuan / ton.
Longzhong Petrochemical to the "Daily News" correspondent to provide the latest data show that February 26 Shandong, South China, propylene oxide mainstream offer for the 12,400 yuan / ton to 12,500 yuan / ton; mainstream offerings in East China in the 12,700 yuan / tonne ~ 12800 yuan / ton.Yao Cheng told reporters that this wave of propylene oxide price increases from February 22nd Festival, February 22, 23 day 100 yuan / ton to rise.
In her view, the price of propylene oxide is mainly due to the imbalance between supply and demand in the market. 'The main mode of production of propylene oxide chlorohydrin method, this approach is more polluting the environment.Under the background of tougher environmental policy, Last year, the installation of industrial equipment was also affected, resulting in a phased supply reduction.In addition, propylene oxide, the profit of this chemical has been high, some people speculation in the market. "Cheng Yao explained to reporters.
In fact, the price of propylene oxide has risen substantially throughout 2017. Binhai Chemical (601678) (601678, SH) announcement shows that from January to December 2016, the average selling price of the company's propylene oxide products was 7710.95 yuan / Ton, but from January to December 2017 the average selling price of the product increased to 9080.61 yuan / ton, an increase of 17.76%.
When it comes to the market outlook, Cheng Yao believes that in the short term, there is still room for growth in the price of propylene oxide in early March, as the demand for propylene oxide will also increase as the terminal enterprises start operating one after another, and now the inventories of manufacturers are relatively low ; In the medium to long term, some mainstream propylene oxide manufacturers discontinue production and maintenance in peak and peak shifts in March and April, and the market supply will also decrease.
Refrigerator manufacturers under pressure
This reporter has learned that the price of propylene oxide also affect the downstream industries.Fridge, freezer foam material is divided into black and white material, white material is polyether, black material is commonly known as polymeric MDI. Mainly filled in the refrigerator between the outer and the outer layer, for the refrigerator insulation. Propylene oxide is the raw material for the production of white, the price increase has also been transmitted to the refrigerator manufacturers.
Meiling Electric said in a preview of its 2017 results released recently that the company expects its net profit in 2017 to fall 77.30% to 97.73% YoY, mainly due to the substantial increase in the prices of commodities such as steel, isocyanate and polyether, Raw materials rose even more than 60% last year, putting tremendous pressure on the company's product cost control.
Zhu Wenjie Meiling Securities representative told reporters that the isocyanate and the combination of polyether refers to the black material and white material.
In the interview process, the reporter found that, relative to the white material prices, black material prices last year, the refrigerator industry was even more 'talk about black.' Wanhua Chemical in August and September 2017 published two consecutive months Poly MDI ( Black material) price adjustment announcement, the listing of its distribution market price increase.
Oma Electric refrigerator division Yao Youjun, deputy general manager earlier this year told the "Daily Economic News" reporter last year, the price of foam materials in refrigerators is very clear in early 2016, the price of foam material about 10,000 yuan / ton , But throughout 2017, when the price peaked, the price of foaming material once went up to 40,000 yuan / ton, almost 3 times higher.According to him, a refrigerator probably needs 4-5 kilograms of foaming material.
This reporter learned that, due to black and white materials and other bulk raw material prices, including Meiling, Oma and other manufacturers have carried out price hikes on its refrigerator products last year.
According to AVC monitoring data, in 2017, the market price of refrigerator products in the offline market will increase by about 15% and the online price will increase by about 10% .All the channels will be pushed down and the overall price of the refrigerator industry will increase 4% ~ 5%.