1、 Price trend
According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price has been rising continuously in recent five days, with a low price of 7735 yuan / ton on Thursday (December 3), a high price of 8095 yuan / ton today (December 7), and an increase of 4.66% on the fifth day.
2、 Analysis and comment
According to the price chart of business agency, the price of propylene rose continuously in late November, increasing by more than 12%. From the end of the month to the beginning of the month, the price remained stable again. On the 4th, the overall upward trend began. On weekends, the market continued to rise by about 100 yuan / ton. At present, the market turnover rose to 8050-8200 yuan / ton, and the mainstream price was about 8050 yuan / ton. In the early stage, some manufacturers temporarily stopped propylene plant, but production has not been resumed. Now, the manufacturer’s inventory is not under pressure, and the shipment situation is good.
On December 4, crude oil prices continued to rise slightly, which had a slightly positive impact on propylene.
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In the past five days, the spot price of PP stabilized after a small decline, with a decrease of 0.38% in the five days. The futures market is relatively ideal and has a limited impact on propylene.
In recent five days, the market of acrylic acid remained stable, and had no impact on propylene.
Propylene oxide market rose slightly in recent five days, with an increase of 0.58% in the five days. However, it had a significant downward trend on December 1, with a one-day drop of 3.74%, so it may have a slight negative effect on propylene.
Epichlorohydrin has declined in recent five days, with a decrease of 3.14%, which has a slightly negative impact on propylene.
In recent five days, the domestic price of n-butanol rose slightly and then fell back, with a decrease of 0.37% and a 5-day amplitude of 1.45%, which had a limited impact on propylene.
In recent five days, octanol market rose significantly and then stabilized, with a 5-day increase of 4.90%, which had a positive impact on propylene.
In recent five days, isopropanol market rebounded after a small decline, with a decrease of 0.35% and a five-day amplitude of 0.70%, which had little impact on propylene.
In the past five days, phenol in East China declined slightly and then stabilized, with a decrease of 0.29% on the fifth day, which had no significant impact on propylene.
In recent five days, acetone in East China stabilized after a sharp decline, with a decrease of 6.08% on the fifth day, which had a more obvious suppression effect on propylene.
3、 Future forecast
The propylene analysts of the chemical branch of the business society believe that: in a comprehensive view, the existing propylene manufacturers have stopped production, with less inventory and smooth shipment. The crude oil price has risen, and the downstream market is general. Some downstream operating rates have slightly increased, and the polypropylene futures market is fair. Therefore, it is expected that the price of propylene may continue to rise in the near future due to limited propylene production and favorable crude oil.
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