1、 Price trend
The domestic propylene (Shandong) market rose slowly this week, according to the data of the business club’s block list. At the beginning of the week, the weekly price was 8423 yuan / ton, while at the end of the week, the weekly price was 8517 yuan / ton, with a weekly increase of 1.11%.
2、 Analysis and comment
According to the price chart of the business community, affected by the upstream and downstream, the propylene price rose again and again in the second half of February, which was at a high level for many years. It was generally stable at the end of the month and the beginning of the month. The price began to decline on the 4th, and generally rebounded on the 8th. The price rose 150-250 yuan / ton in two days, and then stabilized. Today, the price rose about 50 yuan / ton again. At present, the market transaction is between 8450-8650 yuan / ton, which is the mainstream price About 8500 yuan / ton. The impact of low temperature still exists in the United States and the capacity recovery is general; the impact of propylene in Japan is reduced and the capacity recovery is slight.
It is reported that OPEC + may extend the production reduction, and the UAV attack at the port of Saudi oil town on the evening of the 7th did not cause obvious damage to the facilities, so the rise of the crude oil market subsided, and the crude oil price rose again on March 11, which increased the cost support for propylene.
This week, the price of PP rose steadily after the decline, with a weekly decline of 0.35% and a weekly amplitude of 1.06%. The futures market is general, with limited impact on C.
Acrylic acid prices rose this week, with a weekly increase of 1.12%, slightly positive for propylene.
Propylene oxide market continued to rise this week, with a weekly increase of 3.28%, which has a certain pull effect on propylene.
Epichlorohydrin market this week is still stable after rising at the beginning of the week, with a weekly increase of 1.42%, which has a small pulling effect on propylene.
This week, the domestic n-butanol price fell after rising, with no rise or fall, and the weekly amplitude was 2.23%, which had little impact on the propylene market.
This week, octanol also went up and down, with a weekly increase of 1.52% and a weekly amplitude of 3.25%, which had little impact on propylene.
Isopropanol prices fell by 2.08% over the weekend, which had a negative impact on propylene.
Phenol Market in East China rose slowly this week, up 1.14%, slightly positive for propylene.
The acetone market in East China was stable this week, with little impact on propylene.
3、 Future forecast
The propylene analyst of Shangshe chemical branch thinks: Overall, the international production has recovered slightly, the domestic inventory is general, the crude oil price has stopped falling and rebounded, the downstream operating rate is acceptable, and the effect of pulling up and suppressing is not big, and the propylene is still at a high level recently. It is expected that the market will rise with the crude oil market in the future.
| Sulfamic acid |