1、 Price trend
According to the data monitored by the business agency, the market trend of domestic PP market in mid January was stable and declined, with some brands down. As of January 19, the main offer price of T30S by domestic producers and traders was about 7516.67 yuan / ton, down 1.53% from the beginning of the week.
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2、 Cause analysis
Upstream: according to the data in the large scale list of business agencies, the market price of domestic propylene (Shandong) has been generally stable this week. Influenced by the international crude oil, the domestic propylene price has rebounded from the bottom at the end of December, rising continuously. At present, the market turnover is about 6850-7300 yuan / ton, and the mainstream price is 7150-7200 yuan / ton. Recently, some domestic and foreign dehydrogenation units have been shut down to reduce the load, and the supply is still tight. On the upstream side, the recent international crude oil price is unstable, with a significant decline, but recently the crude oil price has picked up slightly, which has a certain impact on the propylene market. In general, the crude oil market has a limited range of changes, and the downstream operating rate has also declined slightly. However, the shutdown situation of the unit is still the same, and the supply is still tight, so it is expected that the propylene market will be relatively cold in recent days, and the price will be mainly stable.
| PVA |
Product: this week’s high propylene market slightly callback, the cost side of PP support is OK. Near the Spring Festival, domestic petrochemical plants are actively reducing inventory and the price has been reduced. Two oil inventory low, market demand with the completion of pre Festival replenishment and began to weaken. The quotation of the merchants is loose, some of them have started to pre sell the goods after the festival, and the downstream is preparing to stop work for holidays, and the terminal delivery is light. The market performance is calmer and there is a phase of contradiction between supply and demand before the festival. This week, PP weak consolidation, spot prices have decreased.
3、 Future forecast
PP analyst of business club thinks: PP analyst of business club thinks: domestic PP spot market presents weak consolidation market in January. The upstream propylene market is acceptable, which has certain support for the cost side. The stock up of downstream plants before the festival is basically over, and petrochemical plants actively reduce inventory and price before the festival. The company sells or starts to pre sell at a profit. The quotation is loose and the profit is transferred. It is expected that PP market will enter a stable stage before the festival in the near future. It is suggested to pay close attention to the change of propylene market at the cost end in the near future.
| POLYVINYL ALCOHOL |