1、 Price trend
According to the data of business news agency’s block list, the domestic propylene (Shandong) market price rose slightly in the first ten days of this month, then stabilized after a slight drop in the middle of this month, and then fell in a straight line in the last ten days. At the beginning of the month, the price was 7712 yuan / ton, at the end of the month, the price was 7209 yuan / ton, with a monthly decrease of 6.52%; on December 8 and 9, the price was 8191 yuan / ton, with a monthly amplitude of 11.99%.
2、 Analysis and comment
According to the price chart of the business community, propylene prices rose continuously in late November, with an increase of over 12%. From the end of November to the beginning of December, the price was stable again. On the 4th, the price began to rise comprehensively. From the 3rd to the 8th, the price rose about 450 yuan / ton, up 5.90%. On the 9th, the price was stable comprehensively. On the 10th, some enterprises made up for it, while some enterprises fell slightly. From the 11th to the 14th, the price went down 200-250 yuan / ton. From the 15th to the 23rd, the price rose slightly and became stable. On the 24th, the price began to decline again. So far, it has gone down 750-80 yuan The current market turnover has dropped to 7100 ~ 7500 yuan / ton, and the mainstream price is about 7150 yuan / ton. At present, the manufacturer has a little more inventory, more profit making and more low price goods.
On the upstream side, crude oil rose slightly on December 30, with little impact on propylene.
This month, PP fell by 10.11%, and the futures market also declined, which had a significant negative impact on propylene.
Acrylic acid prices rose by 87.87% in the first and second half of the month, which had a limited impact on the price of propylene.
Propylene oxide remained stable in the first half of this month, and continued to rise in the second half of this month, with a monthly increase of 10.10% and a monthly amplitude of 11.61%, which had a certain positive impact on propylene.
Epichlorohydrin showed a ladder like downward trend in the first half of this month and a ladder like upward trend in the second half of this month, with a monthly decline of 4.34% and a monthly amplitude of 9.18%.
Isopropanol continued to decline this month, with a monthly decline of 22.19% and a monthly amplitude of 23.15%, which had a significant negative impact on propylene.
The domestic n-butanol price remained stable in the first half of this month, and continued to rise after a slight decline in the second half of this month. At the end of the month, there was an obvious downward trend, with a monthly increase of 1.83% and a monthly amplitude of 13.42%, which had a small negative impact on the propylene market.
Octanol rose steadily this month and then stabilized, with a monthly increase of 29.09%, which had a significant positive impact on propylene.
The phenol Market in East China dropped sharply in the middle of this month, with a monthly decline of 8.55% and a monthly amplitude of 9.08%, which had a slight negative impact on propylene.
Acetone market in East China fell sharply, with a monthly decline of 31.22%, which had a negative impact on propylene.
3、 Future forecast
Propylene analyst of business society chemical branch thinks: Overall, propylene inventory is increasing, crude oil price is rising slightly, downstream market is empty more than much, overall slightly depressed, mainly just need to purchase, so it is expected that propylene price will continue to decline in the near future.
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