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A chart summarizing the price trend of propylene oxide in 2022

September 2, 2022

Latest company news about A chart summarizing the price trend of propylene oxide in 2022

Propylene oxide is an important organic chemical synthetic raw material and synthetic intermediate. It is mainly used in the production of polyether polyol, propylene glycol and propylene glycol ether, dimethyl carbonate (electrolyte solvent), etc. It is widely used in chemical industry, pesticides, automobiles, Construction, textile, daily chemical handicraft industry.
The chemical formula is C3H6O, which is a very important organic compound raw material and the third largest propylene derivative after polypropylene and acrylonitrile.
Chemical formula: C3H6O
Molecular weight: 58.079
CAS Number: 75-56-9
EINECS Number: 200-879-2

The industry believes that the price increase of propylene oxide this time is mainly driven by the increase in raw material prices and supply and demand. On the cost side, the rising prices of upstream raw materials have put pressure on corporate costs. On the supply side, under the influence of the global energy crisis this year, many international chemical companies have announced to suspend supply. Under the influence of force majeure factors such as logistics obstruction, closures and controls in many places, limited start-up, and supply cuts by chemical giants, the prices of chemical raw materials continued to skyrocket. From the demand side, with the promotion of consumption in my country and the boom in the production and sales of terminal new energy vehicles, the demand for propylene oxide is expected to continue to increase. Therefore, it is believed that under the background of shrinking supply and increasing demand, the price of propylene oxide is expected to follow an upward trend. 

Last year, China's propylene oxide production capacity was 5.39 million tons/year, and its output was 3.7 million tons.
The output ranks first in the world.

latest company news about A chart summarizing the price trend of propylene oxide in 2022  0
At the same time, China is the country with the largest production capacity of propylene oxide in the world, as well as the largest producer of propylene oxide and the largest net importer of propylene oxide in the world. At present, there are 19 production enterprises in China's propylene oxide industry, including 13 in East China, whose production capacity accounts for 71% of the country's total production capacity, and Shandong Province is a major domestic propylene oxide production province, accounting for 70% of the country's total production capacity. 38.39%.

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CFI is a comprehensive chemical trading company dedicated to the procurement of fine chemicals around the world.
It is the best choice for you to stabilize your supply chain.(www.cnchemfine.com)

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