1、 Price trend

According to the data of business club’s block list, this week, the domestic propylene (Shandong) market was stable, with the average market price stable at 7927 yuan / ton.

2、 Analysis and comment

According to the price chart of the business club, Shandong propylene market was reorganized and operated this week after the Dragon Boat Festival, and the prices of individual manufacturers were slightly adjusted. Now the market turnover has risen to 7600 ~ 7900 yuan / ton, and the mainstream price is about 7900 yuan / ton. The market operates smoothly, the quotations of mainstream manufacturers remain unchanged, and the low-end prices rise.

Recently, the international crude oil market rose slightly, with a price increase of 0.23%, which has limited effect on propylene market.

PP prices rose this week, or 0.8%, with little impact on propylene.

Acrylic acid prices rose by 3.88% this week, supporting propylene.

This week, the price of propylene oxide remained unchanged, with little impact on the propylene market.

Epichlorohydrin rose slightly this week, or 0.51%, with limited impact on propylene.

The domestic n-butanol price remained stable this week.

This week, the price of isooctanol fell more, with a weekly decline of 4.59%, which had a negative impact on the propylene market.

Isopropanol prices rose this week, or 2.9%, 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.

On the whole, the upstream and downstream products of propylene showed moderate performance without significant rise and fall. In terms of the lower reaches, the rising products increased and the lower reaches showed signs of warming up.

3、 Future forecast

Propylene analyst of business society chemical branch thinks: the supply and demand of propylene market is stable at present. With the improvement of downstream demand, the propylene market is expected to rise in the near future.