1、 Price trend
According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price rose this week and then fell back. At the beginning of the week, the weekly low price was 8095 yuan / ton; at the weekend, it was 8103 yuan / ton, with a weekly increase of 0.09%; on Tuesday and Wednesday, the weekly high price was 8191 yuan / ton, with a weekly amplitude of 1.18%.
2、 Analysis and comment
According to the price chart of business agency, the price of propylene rose continuously in late November, increasing by more than 12%. From the end of the month to the beginning of the month, the price remained stable again. On the 4th, it began to rise in an all-round way. From the 3rd to the 8th, the price rose by about 450 yuan / ton, up 5.90%. On the 9th, the price remained stable. On the 10th, some enterprises made up some supplementary increases, and some enterprises’ prices fell slightly. Today’s prices fell comprehensively, falling by 50-100 yuan / ton. At present, the market transaction is between 8000-8200 yuan / ton, and the mainstream price is between 8000-8050 yuan / ton. Now the factory stock pressure is small, the shipment situation is general.
| PVA 2088 (PVA BP20) |
On December 10, crude oil prices rose significantly, which may have a positive impact on propylene.
This week, the spot price of PP remained stable, and the futures market was more general, which had a limited impact on propylene.
Acrylic acid market rose steadily this week and then stabilized, with a weekly increase of 2.81%, which had a slight positive impact on propylene.
This week, the propylene oxide market remained stable, the impact on propylene is small.
Epichlorohydrin had a slight decline at the weekend, with a weekly decline of 1.62%, which had a small negative impact on propylene.
This week, the domestic price of n-butanol declined steadily, with a weekly decline of 2.76%, which had a certain suppression effect on propylene.
Octanol market this week a small shock, the weekly decline of 0.17%, the weekly amplitude of 0.33%, the impact on propylene is limited.
This week, the isopropanol market fell back to its original position after rising, with no rise or fall. The weekly amplitude was 1.75%, which also had a limited impact on propylene.
This week, East China phenol fell sharply over the weekend, with a weekly decline of 3.47%, which had a negative impact on propylene.
This week, East China acetone rose and then fell back, with a weekly increase of 2.94% and a weekly amplitude of 5.88%.
3、 Future forecast
The propylene analysts of the chemical branch of the business society believe that: on the whole, the existing propylene manufacturers have not much inventory, the shipment is general, and the crude oil price has increased, but the downstream market is generally, and it has started to be cold and empty. Therefore, it is expected that the propylene price may continue to decline in the near future.
| POLYVINYL ALCOHOL |