1、 Price trend
The domestic propylene (Shandong) market went up slightly this week and then fell down, according to the data of the business club’s block list. It was 8567 yuan / ton at the beginning of the week, 8467 yuan / ton at the end of the week, with a weekly decrease of 1.11%; it was 8578 yuan / ton on Tuesday and Wednesday, with a weekly increase of 1.29%.
2、 Analysis and comment
According to the price chart of the business society, 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 generally stabilized. The price rose about 50 yuan / ton again on the 12th, and continued to rise 50 yuan / ton on the 15th, starting from the 16th It began to stabilize. On the 18th, the price dropped slightly. Today, it continued to decline by about 100 yuan / ton. Now, the market transaction is between 8400 yuan / ton and 8700 yuan / ton, and the mainstream price is about 8400 yuan / ton. The US propylene market dropped sharply on the 18th, which also had a certain impact on the domestic market. Propylene market is now no pressure on inventory, shipment is relatively smooth.
On March 18, crude oil prices fell sharply, which had a certain effect on the cost of propylene.
This week, the price of PP also went down at the weekend, with a weekly decline of 2.11%. The futures market also continued to decline, which had a negative impact on C.
The price of acrylic acid decreased slightly this week, with a weekly decrease of 0.28%, which had little effect on propylene.
This week, the market of propylene oxide rose slightly, with a weekly increase of 0.50%, which had little effect on propylene.
Epichlorohydrin market also rose slightly this week, with a weekly increase of 0.84%, slightly pulling up propylene.
This week, the domestic n-butanol price continued to decline, with a weekly decline of 3.15%, which had a small inhibitory effect on the propylene market.
This week, the price of isooctanol continued to decline, with a weekly decline of 5.67%, which has a certain suppression effect on propylene.
Isopropanol prices stabilized after the downward trend this week, with a weekly decline of 4.95%, which had limited negative impact on propylene.
The phenol Market in East China also fell at the end of the week, with a weekly decline of 1.81%, which had a slight negative impact on propylene.
The acetone market in East China stabilized after the downward quotation of manufacturers this week, with a weekly decline of 4.70%, which had a negative impact on propylene.
3、 Future forecast
The propylene analyst of business society chemical branch thinks: Overall, the international production has recovered slightly, the domestic inventory is small, the crude oil price has decreased significantly, the downstream operating rate is acceptable, but the market is mostly in a downward trend, and the propylene is still at a high level recently, and it is expected that the market will continue to decline in the future.
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