1、 Price trend
According to the data of business club’s block list, the domestic propylene (Shandong) market fell in shock this week, with the price of 8061 yuan / ton at the beginning of the week and 7904 yuan / ton at the end of the week, down 1.94%; June 10 is the weekly low price of 7886 yuan / ton.
2、 Analysis and comment
According to the price chart of the business club, the propylene price in Shandong Province was down first and then up this week. After the rise last week, the price began to fall at the beginning of the week. Now the market turnover has risen to 7600 ~ 8000 yuan / ton, and the mainstream price is about 7900 yuan / ton. June 9 Asian propylene prices fell, bad impact on propylene market. Propylene market inventory is not much, part of the unit maintenance has started, began to quote.
Recently, the international crude oil market continued to rise, with a price increase of 5.15%, which has a certain support for the propylene market.
PP prices fell by 2.92% this week, with little impact on propylene.
Acrylic acid prices remained stable this week, with little impact on propylene.
This week, the market of propylene oxide showed a ladder like decline, with a weekly decline of 6.07%, which had a negative impact on propylene.
Epichlorohydrin market fell sharply this week, with a weekly decline of 17.22%, which had a great negative impact on propylene.
This week, the domestic n-butanol price rose by 2.05%, with limited impact on the propylene market.
This week, the price of isooctanol rose by 7.66%, which was good for propylene market.
Isopropanol prices fell by 1.87 this week, with limited impact on propylene.
This week, the phenol Market Price in East China went down, with a weekly decline of 4.27%, which had a small inhibitory effect on propylene.
This week, the quotation of acetone manufacturers in East China market continued to decline, with a decrease of 2.13%, which also had a greater effect on propylene suppression.
Acrylonitrile market price continued to rise this week, with a weekly increase of 5.17%, boosting the propylene market.
3、 Future forecast
The propylene analyst of Shangshe Chemical Branch said: Overall, the downstream products fell more and rose less, and the downstream demand was weak. After the last wave of rise, the downstream buying was cautious, and the trading became light. Overall, the bad news is dominant, and propylene is expected to fluctuate downward.
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