1、 Price trend
| PVA |
According to the data from the bulk list of business agencies, the domestic propylene (Shandong) market price continued to maintain stability this week, with a slight decline over the weekend, with the initial price of 7036 yuan / ton; the weekly low price of 7030 yuan / ton at the weekend, with a weekly decline of only 0.09%.
2、 Analysis and comment
According to the price chart of business agency, the recent price of propylene fluctuates periodically, and the price range of recent fluctuation has broken through. At the beginning of August, the price was at a high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down. On the 5th, it has been stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month has been started. The price of some enterprises has been generally stable since November. The market transaction is between 6950 and 7250 yuan / ton, and the mainstream price is still around 7000 yuan / ton. Propylene manufacturers stable shipment, low inventory.
On August 13, crude oil price fluctuated slightly, with limited impact on propylene market.
Recently, PP futures market is general, spot prices fluctuate and decline, with a weekly decline of 0.84%, which may have some negative effects on propylene.
Acrylic acid market this week to maintain stability, the impact on propylene is not big.
Propylene oxide market rose sharply last week, the whole line remained stable this week, with limited impact on propylene.
This week, epichlorohydrin price rose slightly, with a weekly increase of 5.54% and a weekly amplitude of 6.57%, which had a slight positive impact on propylene.
| PVA 1799 (PVA BF17) |
The domestic n-butanol price rose step by step this week, with a weekly increase of 1.78%, which had a slight positive impact on propylene.
Octanol market rose slightly this week and then stabilized, with a weekly increase of 0.47%, which had little impact on propylene.
The isopropanol market remained stable after a sharp decline this week, with a weekly drop of 12.15%, which had a significant negative impact on propylene.
The whole line of East China phenol will maintain stability this week, with limited impact on propylene.
East China acetone also maintained stability in the whole line this week, with limited impact on propylene.
3、 Future forecast
According to the propylene analysts of the chemical branch of the business society, the inventory pressure of the current propylene manufacturers is small, the crude oil price is volatile, and the downstream market is mostly negative or not affected, and the overall market procurement is mainly on demand. The propylene market price has broken through the upper limit of the range before, and the downstream support is obviously insufficient, so the propylene price is expected to decline.
| POLYVINYL ALCOHOL |