Price Trend
According to the data of business associations, the market price of propylene (Shandong) in China has risen sharply in recent days and slowly declined. At the beginning of this week, the average price of propylene (Shandong) was 7 850 yuan per ton per week; Tuesday was 8 04yuan per ton per week; at the end of the week, the average price of propylene (Shandong) was 7 904 yuan per ton, with a weekly increase of 0.69% and a weekly fluctuation of 1.96%. The price of propylene jumped sharply on Monday. The price of propylene on Sunday (September 15) was 7673 yuan / ton, and it jumped 4.31% on Tuesday (September 17).
| POLYVINYL ALCOHOL FIBER |
II. Analytical Review
Products: The prices of propylene enterprises in Shandong Province increased by 50-100 yuan/ton on September 1, 2, 3-5 and 6-8 respectively, slightly decreased by 50 yuan/ton on September 10, increased by 50 yuan/ton on September 11 and stabilized by crude oil on December 15. The prices of propylene enterprises in Shandong Province increased by 50-100 yuan/ton on September 1, and increased by 12-15. The range jumped up, rising about 300/ton on 16 and 17 days, and the price was flat on 18 days. Enterprise prices slightly declined on 19 and 20 days. At present, the market turnover is around 7850-8150 yuan/ton, and the mainstream price is 7850 yuan/ton. The inventory enthusiasm of the refinery has been improved, and there are more profit concessions.
| POLYVINYL ALCOHOL |
Industry chain: upstream, due to the impact of last weekend Saudi Arabia incident, international crude oil production fell sharply in the early stage, market prices continued to rise, Saudi crude oil recovered well, international crude oil prices dived again, resulting in the linkage of propylene market up and down. On the downstream side, downstream manufacturers are cautious in purchasing, mainly at low prices. This week’s polypropylene futures prices fluctuated with crude oil. Spot prices rose steadily with a 7-day increase of 1.92%. However, domestic polypropylene factories in many areas are expected to implement the production restriction order. There are many expectations of polypropylene plant shutdown. Later, it is likely to continue the trend of shock adjustment, which has no significant positive or negative impact on propylene. The oleic acid price has been stable and has no effect on the propylene market for the time being; the propylene oxide price has been rising slowly, with a 7-day increase of 2.56%, but the propylene market is limited by the possibility of a slight drop in the high level in the later period; while the propylene oxide market has risen sharply, with a weekly increase of 10.26%, and a 7-day increase of 13.16%, which is obviously favorable. Propylene market; while the market for n-butanol was slightly volatile, with a weekly increase of 0.49%, mainly high-level consolidation, stable market shipments, little impact on propylene; the market for isooctanol rose this week, with a weekly increase of 2.45%, slightly favorable to the propylene market.
3. Future Market Forecast
Propylene analysts from Business Society Chemical Branch believe that overall, the decline of international crude oil after soaring has limited benefits for the propylene market; downstream procurement is cautious, although the market is mainly slightly rising, but the propylene market is expected to continue to decline in recent days.
| PVA |