1、 Price trend
According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price was almost stable this week, with a slight up and down. The weekly low price was 6978 yuan / ton at the beginning of the week; 6979 yuan / ton was at the weekend, with a weekly increase of only 0.01%; the weekly high price on Wednesday and Thursday was only 6985 yuan / ton, and the weekly vibration amplitude was only 0.09%.
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2、 Analysis and comment
According to the price chart of the business agency, the recent price of propylene fluctuated up and down periodically, and the fluctuation price range broke through at the beginning of the month. At the beginning of August, the price was at a high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down, but it has remained stable since the end of the week. On the 5th, the prices of some enterprises have been slightly stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month has been started. From the 11th to the 16th, the price has continued to decline, and on the 17th, it has been stable for more than 10 days Most manufacturers are still stable prices, today’s prices continue to fluctuate slightly, the market turnover is still between 6900 yuan / ton and 7250 yuan / ton, and the mainstream price is about 6950 yuan / ton. Propylene manufacturers to ship smoothly, inventory without pressure.
On August 27, crude oil prices still rose and fell, which had limited impact on propylene market.
Recently, PP futures market is general, spot price slightly up, weekly increase of 0.21%, little impact on propylene.
This week, acrylic acid market is stable, no impact on propylene.
Propylene oxide market this week a small upward, the weekly rise of 1.52%, has a positive impact on propylene.
The price of epichlorohydrin fell down after rising, and there was no rise or fall this week, which had no great impact on propylene.
The domestic price of n-butanol declined slightly this week, with a weekly decline of 0.29%, which had a slightly negative impact on propylene.
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Octanol market all the way down this week, the weekly decline of 1.19%, a small negative impact on propylene.
This week, isopropanol market declined after a slight rise, with a weekly decline of 0.83% and a weekly amplitude of 1.64%, which had a negative impact on propylene.
The whole line of East China phenol stabilized this week, and had no impact on propylene.
East China acetone also stabilized this week, no impact on propylene.
3、 Future forecast
The propylene analysts of the chemical branch of the business society believe: in a comprehensive view, there is no pressure on the inventory of the current propylene manufacturers, the crude oil price fluctuates slightly, and the profit margin of the downstream is better, but it is mainly on demand procurement, the overall market trading is stable, and it is expected that the propylene price will continue to stabilize.
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