1、 Price trend
According to the data monitored by the business agency, the domestic PP market was relatively weak in the second week of March, and the spot price was reduced. As of Monday, March 16, the main offer price of T30S by domestic producers and traders was about 7116.67 yuan / ton, a decrease of 0.93% compared with the average price on Monday, March 9.
| Sulfamic acid 99.50% |
2、 Cause analysis
Upstream: on the upstream side, influenced by OPEC meeting and international market game recently, the news of international crude oil’s repeated downgrading has obvious negative effect on propylene. According to the data of the bulk list of business agencies, the domestic market price of propylene has fluctuated since March, with a weak trend in the near future. Due to the low production and inventory before propylene, the previous decline is not significant. However, the crude oil is still volatile, and the downstream trend is not ideal. It is expected that the propylene price will be affected by crude oil in the later stage, showing a significant downward trend.
| sulphamic acid |
Product: at present, the domestic PP market quotation is weak, and the overall waiting atmosphere is still heavy. Petrochemical enterprises are under pressure to reduce the factory price, and the price of the company is up and down. The resumption of work in PP downstream plant is normal, the operating rate is not ideal, and the demand follow-up is weak. Business confidence is not strong, the message face is lack of clear guidance message, traders mostly quote according to their own inventory situation. The delivery is average, and the list of low-cost materials is acceptable.
3、 Future forecast
PP analysts of business club think: the domestic PP spot market in the second week of March is generally weaker than that in the first week, and the upstream propylene price falls, which has poor support for the cost end of PP. The return rate of downstream factories needs to be further improved. In terms of demand, the order follow-up is not timely, and small orders are mainly concluded. Petrochemical plant inventory pressure is large, the industry goes with the market, a strong wait-and-see atmosphere. It is expected that PP market will fluctuate and adjust in the near future.
| Magnesium Sulphate |