1、 Price trend

According to the data of the bulk list of business agencies, the domestic propylene (Shandong) market has recovered after a steady decline in the past ten days. On May 16, it was the high price of 10 days, 8371 yuan / ton, 8119 yuan / ton on May 25, 3.01% on the 10th day, and the low price of 10 days from May 21 to 23, 8035 yuan / ton, with a 10-day amplitude of 4.02%.

2、 Analysis and comment

According to the price chart of the business association, the propylene price in Shandong continued to rise in the first ten days of April, fell sharply in the last ten days, and remained stable at the end of the month. The first two days of May 1 period continued to stabilize. From March to 7th, the price was about 50 yuan / ton upward every day, and the price remained stable since the 9th. After the price of 13 days increased slightly, it stabilized again. On the 17th, the price of 50 yuan / ton was down, and on 19 and 20 days, it fell by about 100 yuan / ton. Since 23, the price of propylene rose by 50 yuan / ton per day. Today, it is generally stable, The current market transaction is between 8100 yuan and 8300 yuan / ton, and the main price is about 8100 yuan / ton. On May 24, the prices of propylene in the United States and Asia were stable, and their impact on the propylene market was limited. At present, there is not much stock in propylene market, and some of the equipment maintenance is still not finished.

Recently, the international crude oil market events have been constantly, and the price has been fluctuating. The crude oil price rose sharply on May 24, which has a more obvious positive effect on the propylene market.

PP price has been stable after the step-down in the past ten days, with a 10-day decline of 3.95%. The futures market is general, which has a slight suppression effect on propylene.

In recent ten days, acrylic acid prices have seen a significant dive, with a daily drop of 5.85%, and a 10-day amplitude of 6.42%, which has a certain negative effect on propylene.

In recent ten days, propylene oxide market has stabilized several days after falling, and it has fallen 8.79% in the past ten days, which has a relatively obvious negative effect on propylene.

Epichlorohydrin market in the last ten days was slightly volatile, with a 10-day increase of 0.72%, and 10-day amplitude of 1.70%, which has limited impact on propylene.

In the past ten days, the domestic normal butanol price has risen slightly after the steady decline, with a 10-day decline of 9.28%, and a 10-day amplitude of 13.20%, which has a more obvious suppression effect on the propylene market.

In the past ten days, the price of isooctanol also recovered slightly after steady downward, with a 10.58% decline and a 10-day amplitude of 13.17%, which also had a more obvious suppression effect on propylene.

In the past ten days, the price of isopropanol has been down continuously, and the 10-day decline is as high as 15.53%, which has a great negative effect on propylene.

In the past ten days, the price of phenol in East China has stabilized and then declined, with a decrease of 2.44% in the past ten days, which has a slight negative effect on propylene.

In the past ten days, the prices of manufacturers in East China acetone market have been greatly explored, with a decline of 16.89% in the past ten days, and the effect on propylene suppression is also greater.

In the past ten days, the market price of acrylonitrile has been up slightly, with a 10-day increase of 1.27%, and a 10-day amplitude of 1.41%, which has little impact on the favorable performance of propylene.

3、 Future forecast

The propylene analyst of the chemical branch of the business society thinks: in a comprehensive way, there are not many domestic stocks, some units are overhauling, the enterprises suspend quotation, the crude oil market has risen recently, some downstream units are resumed, the starting rate slightly rises, the market profit margin is greater than good, and propylene is expected to continue to rise with the crude oil market.