1、 Price trend
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According to the data of the bulk list of business agencies, the domestic propylene (Shandong) market fell slightly this week, with the market at 7804 yuan / T at the beginning of the week, and the average weekend price of 7796 yuan / T, or 0.1%.
2、 Analysis and comment
According to the price chart of the business agency, the propylene market this week showed no temperature and no fire, the price change was not large, and the price of individual manufacturers was adjusted slightly. By the end of the week, the mainstream domestic market quotation was 7700-7800 yuan / ton, the low-end price was 7200 yuan / ton, and the downstream was purchased on demand. The market investment was still available and the price was strong.
The risk of oil supply side is prominent this week and the price has fallen sharply. It was supported by the commercial crude oil inventory data released by the United States Energy Information Agency (EIA) on Thursday, and the price rebounded. The crude oil price fell 2.95% this week, which has a great impact on the propene’s profit and air.
This week, PP prices were slightly lower, and consumption was low due to the influence of traditional demand off-season, with a decline of 0.97% in the week.
Acrylic acid prices continued to rise this week. Due to the overhaul of some enterprises, the spot supply was tight, downstream on demand procurement, the market trading and investment rhythm was active, and the price rose steadily. The increase was 2.59% in the week, which supported propylene.
Epichlorohydrin prices rose this week, with a 4.05% increase in the week as part of the decoration and maintenance was stopped and repaired, and the supply reduction supported the market.
In a word, the downstream of propylene shows signs of recovery, and the favorable demand side supports the propylene market to a certain extent.
3、 Future forecast
Propylene analysts from chemical branch of business society think: long short game, uncertainty of crude oil market, pay close attention to the future market changes. If the cost side does not fluctuate significantly, and the downstream demand supports, propylene is expected to fluctuate upward in the near future.
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