1、 Price trend
According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price remained stable after rising this week, with a slight decline over the weekend, with the weekly low price of 6785 yuan / ton at the beginning of the week, and 6870 yuan / ton at the weekend, and 6876 yuan / ton on Wednesday and Thursday, with a weekly increase of 1.25% and a weekly amplitude of 1.34%.
2、 Analysis and comment
According to the price chart of the business agency, the recent price of propylene fluctuates periodically, with a relatively stable price range. Since the beginning of July, the price has been continuously reduced by 200-250 yuan / ton. From June 6 to 9, the price dropped by about 250 yuan / ton. From the 12th to the 16th, the price dropped by 150-200 yuan / ton. Since the third round of rise on 18th, the price has risen about 150 yuan / ton. In recent days, most of the prices are stable. The market transaction is between 6800 yuan / ton and 7100 yuan / ton, and the mainstream price is 6800-6850 yuan / ton. Now propylene manufacturers shipping general, inventory pressure is not big.
|PVA 1799 (PVA BF17)|
On July 23, crude oil price rose slightly, which had little impact on propylene.
Recently, PP futures market was weak, spot price fluctuated downward, with a weekly decline of 1.68%, which may have a little negative impact on propylene.
Acrylic acid market this week to maintain stability, the impact on propylene is not big.
Propylene oxide market rose steadily this week, with a weekly increase of 3.64%, which had a positive impact on propylene.
The price of epichlorohydrin remained stable this week, and fell by 1.36% at the end of the week, which had a slightly negative impact on propylene.
The domestic n-butanol price remained stable in the first half of this week, and rose in the second half, with a weekly increase of 2.10%, which had a slight positive impact on propylene.
Octanol market rose steadily this week, with a weekly increase of 2.12%, which had a positive impact on propylene.
The isopropanol market showed a steady downward trend this week, with a weekly decline of 2.23%, which had a slight negative impact on propylene.
Phenol in East China rose slightly this week, with a weekly increase of 1.79%.
East China acetone has a slight decline this week, with a weekly decline of 3.54%, which has a certain suppression effect on propylene.
3、 Future forecast
The propylene analysts of the chemical branch of business society believe that: Generally speaking, the inventory pressure of propylene manufacturers is not big, but the shipment is general, the crude oil price is slightly increased, the overall downstream market operating rate is fair, the PP market is relatively calm, and the downstream purchasing enthusiasm is weak, and the market trading is stable. At present, most of the propylene market prices are still in the upper limit of the oscillation range, so it is expected that propylene prices will generally decline in the near future.