Price Trend
According to the data of business associations, propylene market prices fluctuated frequently in July. At the beginning of the month, the average price of enterprises was 7669 yuan/ton, and at the end of the month, it was 7977 yuan/ton, with a monthly increase of 4.01%. This month’s low price appeared on July 20 and 21, which was 7652 yuan/ton; this month’s high price appeared on July 11 and 12, which was 8263 yuan/ton, with a monthly amplitude of 7.40%.
| POLYVINYL ALCOHOL |
II. Analytical Review
Products: The price of propylene enterprises in Shandong started to rise in early July, after two rounds of increase of about 600 yuan/ton. Since the 13th day, the price has gone down, totaling about 650 yuan/ton by the 19th day. From July 22 to 27, the total price rose by 300 yuan/ton. On July 31, it rose again by 50 yuan/ton. At present, the market turnover is around 7950-8100 yuan/ton, and the mainstream price is about 7950 yuan/ton. At present, the stock of propylene refinery is mostly on the low side. The good news such as the reduction of PDH unit in a large plant in North China has stimulated the refinery to make a small increase in its offer.
Industry chain: Upstream, affected by international trends, crude oil prices adjusted significantly in July, and prices rose sharply at the end of the month, which is good for propylene market. On the downstream side, the domestic acrylic acid Market in July was relatively stable, with a small fluctuation, which had little impact on the propylene market; the propylene oxide market fluctuated significantly this month, with a rapid rise at the end of the month, with a monthly increase of 1.75% and a monthly amplitude of 4.70%. The price fluctuation of epichlorohydrin went up in July, with a monthly increase of 20.55%. At the end of the month, the recent high-level finishing operation is dominant, or has some support for propylene prices; while the recent rise in polypropylene period and spot prices has helped propylene to increase; n-butanol rose in the first half of July, and stabilized in the latter part, which has little impact on propylene; octanol went out of a peak trend in July, After the increase of more than 10%, the price of propylene declined again. Now the price is close to the beginning of the month, which has a negative impact on propylene.
| PVA |
3. Future Market Forecast
Propylene analyst of business cooperative chemical branch thinks that in July, propylene price shocks upward, and now the stock in Shandong is on the low side, and there is a good device reduction, crude oil and polypropylene market prices soar, good propylene market, downstream manufacturers purchase better, it is expected that the price of propylene in Shandong will continue to rise in the short term.