Highlights

After non-market elements were removed, the PO market reopened. The increase of PO capacity proceeded, significantly altering the supply and demand pattern. The price spread among regions narrowed amid the escalated market competition, resulting in closed arbitrage window. Meanwhile, when the new capacity went into production, the marketing model still showed diversified development. Although price fluctuations were still frequent and flexible, the fluctuation range narrowed and market changes increased. Strong expectations met weak reality in H1, 2023. Price competition intensified due to the launch of new capacity, and demand fell short of expectations. Thus, the mainstream PO price continued to move down. Price fluctuations were still frequent, but the range narrowed. Despite a drop in PO prices in H1 2023, gross profit climbed year on year as feedstock propylene and liquid chlorine fluctuated at low values. Supply pressure is likely to rise again in H2, 2023 due to continuing capacity growth, while demand is expected to rise as well. The PO price is predicted to bottom out and ratchet up. Many new PO units are still waiting to be put into use in 2024. How will the industry’s supply and demand pattern evolve? How will market price trend change as competition heats up? What will happen to downstream demand? What are the industry’s prospects and challenges? SCI’s 2023-2024 China PO Market Annual Report digs deeply into customers’ demand and conducts in-depth analysis on market drivers. The report facilitates customers to research the industry, analyze the market, make decisions and improve efficiency through comprehensive fundamental data and in-depth analysis and forecast. Constant data collection, profound analysis and referable forecast are the major highlights. The analysis on the industry chain and value chain assists customers to conduct analysis and research from the industry dimension and make strategic decisions.

Report Value

1. To track newly added PO units progress at home and abroad

2. Deep insight into PO supply and demand via regional supply-demand balance analysis

3. Downstream consumption pattern changes and development highlights

4. Profit change of different market participants in the industrial chain

Contents

Part 1 PO Market Overview

Part 2 2019-2023 PO Supply-Demand Balance Analysis

Part 3 PO Supply Pattern and Change Trend Analysis

3.1 2023 Global PO Capacity Analysis

3.2 2019-2023 China PO Capacity Change Analysis

3.2.1 China PO Capacity Development Trend Analysis

3.2.1.1 PO Capacity Development Trend Analysis

3.2.1.2 PO Capacity Concentration Rate Analysis

3.2.1.3 PO Existing Capacity Analysis

3.2.2 China PO Capacity Regional Distribution Analysis

3.2.3 2023 China PO Resource Flow Analysis

3.2.4 2024-2028 China Newly Added Capacity

3.2.4.1 2024-2028 China PO Capacity Forecast

3.2.4.2 2024 New Capacity Research

3.3 2019-2023 China PO Output Change Analysis

3.3.1 2019-2023 China PO Output

3.3.1.1 China PO Annual Output Change Trend and Capacity Utilization Rate

3.3.1.2 China PO Annual Output Change by Region

3.3.2 2023 China PO Production Feature and Reason

3.3.2.1 2023 PO Monthly Output Change Feature and Influence

3.4 2019-2023 China PO Import Market Analysis

3.4.1 2019-2023 China PO Import Data Analysis

3.4.1.1 China PO Import Volume Trend Analysis

3.4.1.2 China PO Import Structure Analysis by Trade Partner

3.4.1.3 China PO Import Structure Analysis by Place of Receipt

3.4.1.4 China PO Import Structure Analysis by Trade Mode

3.4.2 2023 China PO Import Volume Change Analysis

3.4.2.1 PO Monthly Import Volume and Feature Analysis

3.4.2.2 2023 PO Imports’ Impact on China’s Total Supply

3.5 2023 PO Inventory Change Analysis

3.5.1 PO Inventory Index Change and Trend Analysis

3.5.2 Analysis of Relationship Between Inventory Change and Price

3.6 PO Warehouse Logistics Status Analysis

3.7 2024 China PO Supply Forecast

3.7.1 2024-2028 Total Supply Forecast

3.7.2 2024 Monthly Supply Forecast and Impact Forecast on Price

Part 4 PO Demand Pattern and Change Trend Analysis

4.1 2019-2023 China PO Consumption Volume Change Trend Analysis

4.1.1 China PO Consumption Volume Change and Trend

4.1.2 China PO Main Downstream Industry Demand Change and Characteristics Analysis

4.1.3 China PO Downstream Industry Distribution and Regional Consumption Structure

4.1.4 2023 China PO Main Downstream Customer Scale and Demand Change Analysis

4.2 2024-2028 PO Downstream Industry Consumption Forecast

4.2.1 Polyether Polyol Industry Market Scale and Demand Forecast

4.2.2 Propylene Glycol Industry Market Scale and Demand Forecast

4.3 2019-2023 China PO Export Market Analysis

4.4 2024-2028 PO Consumption Volume Forecast

4.4.1 China PO Consumption Volume Change Trend Analysis

4.4.2 PO Export Volume Change Trend Analysis

4.5 PO Demand Peak and Slack Season Analysis

4.5.1 PO Demand Peak and Slack Season Feature Analysis

4.5.2 PO Demand Peak and Slack Season from Price Perspective

4.6 Downstream Procurement Key Factors Analysis

4.7 Operation Risk and Barrier Analysis

Part 5 China PO Price Trend Analysis

5.1 China PO Market Price Analysis

5.1.1 PO Price Change Feature

5.1.1.1 General Rrice Trend Feature Analysis

5.1.1.2 Main Regional Price Feature Analysis

5.1.2 2023 Annual PO Price Trend Seasonal Characteristics

5.2 Related Product Price Co-Movement Analysis

5.2.1 PO and Main Feedstock Styrene Price Co-Movement Analysis

5.2.2 PO and Related Downstream Product Price Co-Movement Analysis

5.3 PO Cost and Profit Analysis

5.3.1 PO Cost Structure and Feature Analysis

5.3.1.1 PO Cost Composition and Change Analysis

5.3.1.2 EVA Cost Difference Analysis by Production Process

5.3.1.3 Regional Cost Difference Analysis

5.3.2 PO Profit Change and Impact Analysis

5.3.2.1 PO Profit Trend and Feature Analysis

5.3.2.2 Impact of Profit Change on Producers’ Production

Part 6 PO Industry Outlook

6.1 2024-2026 PO Price Forecast

6.2 PO Price Driver Development Trend Forecast

6.2.1 Marco Economy’s Influence on PO Market

6.2.2 Industrial Policy’s Influence on PO Market

6.2.3 2024-2028 China PO Supply and Demand Balance Forecast

6.2.4 PO Market Competition Pattern Analysis

6.2.4.1 2024-2028 China PO Trade Flow Forecast

6.2.4.2 SCI Monitoring Enterprise Business Trend Analysis

6.2.5 Value Chain Analysis and Forecast

6.2.6 Related Product Price Co-Movement Analysis and Forecast

6.3 Impact of Main Driver on 2024 PO Price

Appendix 1 PO Industry Highlights

Appendix 2 Methodology and Related Definition

Appendix 3 Tables, Charts and Enterprises

Appendix 4 Related Annual Reports

2023-2024 China Polyether Polyol Market Annual Report

2023-2024 China PG & DMC Market Annual Report

2023-2024 China Propylene Market Annual Report

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