China Domestic propylene (Shandong) market fell slightly over the weekend (1.13-1.17)

1、 Price trend

 

According to the data of the bulk list of business agencies, the market price of propylene (Shandong) in China this week was generally stable, with a slight downward trend on Friday. At the beginning of the week, the average price of enterprises is the weekly high price, 7227 yuan / ton; at the end of the week, the average price of enterprises is the weekly low price, 7211 yuan / ton, with a weekly decline of 0.22%.

 

2、 Analysis and comment

 

Product: affected by international crude oil, domestic propylene price rebounded from the bottom at the end of December, rising continuously. On January 5 and 6, it was generally stable, on January 7 and 8, it was stable on January 9, it was continuously increased on January 10 and 11, it was stable on the whole line on December 12, it was up about 50 yuan / ton again on March 13, it was stable on January 14, and it was down about 50 yuan / ton for some enterprises on December 17. At present, the market turnover is between 6850 and 7300 About RMB / ton, the mainstream price is 7150-7200 RMB / ton. Recently, some domestic and foreign dehydrogenation units have been shut down to reduce the load, and the supply is still tight.

 

Industry chain: upstream, the recent international crude oil price is unstable, with a significant decline, but the crude oil price picked up slightly yesterday, which has a certain impact on propylene market.

 

sulphamic acid

This week, the PP market remained stable, the price remained unchanged, and the futures market rose and fell slightly, with little impact on propylene.

 

In the near future, acrylic acid slightly increased, with a weekly increase of 0.82%. It is expected that acrylic acid market will mainly run at a high level in the short term, with some positive impact on propylene.

 

This week’s propylene oxide market remained stable, unchanged, but at the beginning of the week, it was down 2.03% from last week. It is expected that the propylene oxide market will maintain stability in the short term, with limited impact on propylene.

 

Epichlorohydrin prices fell slightly this week, with a weekly decline of 0.47%. In the future, it may be narrow range finishing operation, with limited impact on propylene.

 

This week, the domestic price of n-butanol rose slightly, with a weekly increase of 0.28%. It is expected that the domestic market of n-butanol will run smoothly around the Spring Festival, with little impact on propylene.

 

Octanol prices are all stable this week, with little impact on propylene.

 

The price of phenol Market in Shandong Province is stable this week, with little impact on propylene.

 

Sulfamic acid 

Acetone market in Shandong held steady after rising at the beginning of the week, with a weekly increase of 4.08%, which had a certain positive impact on propylene.

 

Isopropanol market price slightly decreased this week, with a weekly decline of 0.37%. It is expected that the future market will be stable, with limited impact on propylene market.

 

3、 Future forecast

 

According to the propylene analyst of the chemical branch of business society, in general, the propylene market has been stable in recent days, with a slight decline over the weekend. At present, the change range of crude oil market is limited, and the downstream operating rate has also declined slightly. However, the shutdown situation of the unit is still the same, and the supply is still tight, so it is expected that the propylene market will be relatively cold in recent days, and the price will be mainly stable.

Magnesium Sulphate