1、 Price trend
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According to the data monitoring of business agency, the domestic propylene (Shandong) market price fluctuated this week, and the price fell slightly. The market was 8460 yuan / ton at the beginning of the week, and the average price at the weekend was 8441 yuan / ton, down 0.23%.
2、 Analysis and comment
According to the price chart of the business agency, the overall price of propylene (Shandong) rose or fell little this week. As of Friday, the mainstream price of propylene in Shandong was 8400-8500 yuan / ton, and the market was in a stalemate. On the positive side, the price of crude oil fluctuated and rose, especially the price rose sharply again at the weekend, with strong cost support. In terms of bad news, the downstream demand follows up slowly, mainly just demand. Recently, affected by the epidemic, the traffic in some areas is not smooth, and the factory operating rate is reduced.
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Upstream: upstream raw materials mainly fall, but the price is high, and the price of propane rises, which has a limited impact on propylene.
Downstream: downstream products mainly fell, while the main downstream polypropylene market maintained a downward trend, with great online resistance. The overall downstream market was weak, the start-up was reduced and the demand was tightened.
3、 Future forecast
Propylene analysts from the chemical branch of the business community believe that under the cost transmission, the price of propylene may rise difficultly next week. Under the weak demand, the upward space is limited.
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