Price Trend

According to the data of business associations, the domestic propylene (Shandong) market price has gone out of a “V” trend in recent days, and this week has gone out of an upward trend of oscillation. At the beginning of the week, the average price of enterprises was 7,435 yuan per ton, while on Thursday and Friday, the average price of enterprises was stable at a weekly high of 7,606 yuan per ton, with a weekly increase of 2.31%. On Saturday (August 17), propylene prices were 7,672 yuan per ton, falling by 3.09% on weekends and 0.85% on seven days.

II. Analytical Review

Products: The price of propylene enterprises in Shandong Province maintained stable in early August, declined continuously from 5 days to 8 days, declined 450-500 yuan/ton, rebounded on 10 days, rose 200 yuan/ton on 14 days, stabilized on 15 days, began to decline sharply on 17 days, went 300 yuan/ton on three days, rebounded on 20 days and rebounded 150 yuan on 22 days./ About a ton, today’s stability, the current market turnover in the 7550 ~ 7700 yuan / ton, the mainstream price is about 7550 yuan / ton. The supply of goods in Northeast China has decreased this week, but refineries have plenty of supplies and shipments are smooth.

Industry chain: Upstream, affected by the international situation, the international crude oil market fluctuated sharply last week, with a sharp downward trend and a steady rebound in the later period. Now, the impact on propylene is relatively small. On the downstream side, the profit margin of the factory is still acceptable and the purchasing enthusiasm is good. This week, polypropylene futures prices have declined, spot prices have also declined, business start-up rate has declined, parking maintenance devices are more, the recent trend of PP is likely to continue to clean up and run, with little impact on propylene; acrylic acid prices have increased, but the overall downstream demand is general, more wait-and-see mentality, is expected to remain stable in the near future or will remain stable. The fixed operation has little effect on propylene, while the price of propylene oxide has little effect on propylene, and the overall price of epichlorohydrin has not moved up after the downturn, which has no pressure on the propylene market; while the price of n-butanol has continuously increased, with a 7-day increase of 4.69%, which is favorable to the propylene market; and the price of isooctanol has slightly decreased. After the recovery, the market is bullish, propylene also has a positive impact.

3. Future Market Forecast

Propylene analysts from the Business Society Chemical Branch believe that in general, the recent international crude oil market is unstable, with a slight pullback, the PP spot market is relatively stable, the acrylic acid market is mainly on the horizon, propylene oxide is slightly up-regulated, epichlorohydrin is generally stable, butanol market is rising, the overall downstream profit margin is still available, procurement Propylene prices are expected to continue to rise in the near future.