Since 2019, the South-North soft foam polyether market has maintained a large price gap, which can reach 600 yuan tons when the North-South price gap is the highest. Since March, the South-North soft foam polyether price gap has gradually decreased, from 475 yuan tons to 100 yuan tons, a drop of 78 94%.

Looking at the price trend chart of soft foam polyether in 2018-2019, it is not difficult to find that the price trend of South and North polyether has been relatively close. Due to the low price of raw material cyclopropane, there is a reasonable price difference of 250-400 yuan / ton for North and South soft foam. Since September 2018, the price difference of South and North soft foam polyether has gradually widened. On the one hand, East China and South China are the main consumption areas of polyether in China, and there are many kinds of soft foam polyether goods, including imported goods, local self-produced goods and Northern goods. However, from November 2018 to January 2019, due to the continuation of the shipping schedule caused by various reasons, the supply and demand of imported spot in the southern polyether market is not loose; on the other hand, the northern soft foam polyether market is affected by the "high platform diving" of cyclopropane in November 2018, which is falling with it, and the supply of Shandong and North China soft foam market is loose, the demand is weak, and the production rate of the northern soft foam polyether market is low The price drop of North soft foam polyether is greater than that of South soft foam polyether.

After the Spring Festival of 2019, the import sources of South polyether market are concentrated in Hong Kong, but the recovery of terminal demand is slow, and the high inventory of storage tanks before the festival, resulting in the low price promotion of imported soft foam, so as to clear the tanks for the subsequent polyether warehouse. China's imported soft foam polyether mainly comes from Singapore, the Middle East and Thailand. Singapore and Thailand are the allies of China ASEAN trade agreement. China's imported polyether from its origin is zero tariff, and the integration of production and marketing reduces its cost. The Middle East countries are close to the origin of crude oil, low-cost upstream raw materials, low production cost, and large profit margin. To sum up, the price of imported soft bubble fell all the way, from 11400 yuan / ton after the festival to 10500 yuan / ton, a drop of 7.89%. The price of soft foam polyether in the North decreased by 2.77% from 10800 yuan / ton to 10500 yuan / ton due to the low price of raw materials which fell first and then fluctuated narrowly after the festival. The price difference of soft foam polyether in the north and South decreased gradually.

Zhuo Chuang learned that Singapore and Thailand still maintain normal polyether output to China next month, but the output has not been reduced, but the terminal demand is weak, coupled with the gradual warming of the weather, the sponge foaming industry ushered in the off-season demand, and the price of imported goods may remain low in the short term; the raw material import volume of cyclopropane is still large, the Jishen and Changling units are back to production, the supply pressure of cyclopropane is increasing, and the price of cyclopropane is increasing It is still hard to improve. The price of soft foam in the north is still mainly low, and it is expected that the price difference between the South and North soft foam polyether market will remain low in April.