On June 21, propylene market was consolidated

Price trend


On the 21st, the propylene market was recently consolidated and operated. The mainstream price of propylene in Shandong was 7900-8000 yuan / ton. On the cost side, the crude oil rebounded after a high decline, which supported propylene fairly well. However, the cost pressure on the downstream, especially polypropylene, remained unabated, the demand was flat, and the start-up was limited. At the same time, other downstream products of propylene performed generally. At the same time, the start-up of propylene in many places was high, and new units were put into operation. The overall market supply exceeded demand. Under the contradiction between supply and demand, the propylene market was in a stalemate.


Forecast: under the influence of long and short factors, it is expected that the propylene market will operate in a narrow range in the near future.