Price Trend

According to the data of business associations, propylene (Shandong) in China stabilized after a slight drop and rise this week. At the beginning of the week, the average price of propylene (Shandong) was 7932 yuan/ton. On Tuesday, the average price of propylene (Shandong) was 7 925 yuan/ton. On Friday, the average price of propylene (Shandong) was 7 981 yuan/ton, with a weekly increase of 0.61% and a weekly amplitude of 0.71%.

II. Analytical Review

Products: The price of propylene enterprises in Shandong started to rise in early July, after two rounds of increase of about 600 yuan/ton. Since the 13th day, the price has gone down, totaling about 650 yuan/ton by the 19th day. From July 22 to 27, the total price rose by 300 yuan/ton. On July 31, it rose again by 50 yuan/ton. At present, the market turnover is around 7950-8100 yuan/ton, and the mainstream price is about 7950 yuan/ton. At present, the regional supply of propylene market is still relatively tight.

Industry chain: On the upstream side, crude oil fell sharply on Thursday, but picked up again on the weekend, which may still have a negative impact on propylene. A MTO factory in East China stopped for overhaul to limit propylene production, which is beneficial to propylene. On the downstream side, polypropylene futures prices fell this week, spot prices stabilized, and recent or digestive consolidation of the existing increase is the main reason for the temporary negative effect of propylene; acrylic acid prices rose significantly at the beginning of the month, which has a pull effect on propylene; and propylene oxide market continued to rise, which also has a positive impact on propylene; and epichlorohydrin also has a positive impact on propylene. At the beginning of the month, the market slightly declined, which had a negative impact on propylene, while in Shandong, some butyl-octanol plants declined, and the market of octanol rose at the beginning of the month, with n-butanol mainly stable, which had a slightly negative impact on the market of propylene.

3. Future Market Forecast

Propylene analysts from the Business Society Chemical Branch believe that in general, the recent recovery of international crude oil, polypropylene futures spot market are relatively flat, acrylic acid, propylene oxide Market is rising, the price of epichlorohydrin has declined, butyl octanol part of the plant has declined, so propylene prices are expected to decline in the near future.