I. price trend
According to a large number of data in the list of business agencies, the market price of domestic propylene (Shandong) has been continuously reduced in recent days. On October 16, the average price of enterprises was 7566 yuan / ton; on October 21, the average price of enterprises fell to 7287 yuan / ton, a drop of 3.69%.
II. Analysis and comment
Product: it is the National Day holiday at the beginning of October. Due to the impact of the policy of limiting production and operation, the price of propylene during the holiday has been generally stable, with occasional downward trend. After the end of the policy, most of the initial prices remained stable. On the 10th and 11th, the prices of the enterprises rose. On the 12th, the prices stabilized. On the 13th, 14th and 15th, they all rose slightly. On the 16th, they were stable. On the 17th, most of the enterprises began to decline. On the weekend, the decline was obvious. Today, some enterprises still fell. At present, the market turnover is about 7200-7550 yuan / ton, and the mainstream price is 7200 yuan / ton. At present, the inventory pressure of the refinery is increasing, and the shipment is not smooth.
| Potassium monopersulfate |
Industry chain: upstream, the international crude oil market fluctuates in a narrow range, with limited support for propylene market. In the downstream, affected by environmental protection issues, most of the downstream product prices of propylene are in a downward trend, the demand side support is weakened, and the purchase of propylene is cold and wait-and-see.
In the near future, the PP spot market is weak, and the current price is the same as that at the beginning of last week, which has little impact on propylene.
Domestic acrylic acid demand is weak in recent days, the market inquiry volume is small, today’s market down 2.16%, propylene prices have a certain degree of repression.
Propylene oxide has declined several times in recent days, down 2.22% on the 6th, which is also bad for propylene market.
The price of epichlorohydrin has been rising for several times, up 16% in half a month, which has a certain effect on propylene market.
In recent days, the n-butanol market has been affected by the support surface, maintaining a weak stability and consolidation, and the price has not fluctuated.
The price of octanol has been explored continuously in recent days, with a 6-day drop of 2.52%. Recently, octanol market or low consolidation is the main factor, which has a suppressive effect on propylene market.
| ferric sulfate (Poly ferric sulphate) |
Isopropanol market has been a weak decline since October, half month decline has reached 12.29%, the downstream do not buy the mood to wait-and-see, the delivery of goods holders is relatively soft, which has a negative impact on propylene market.
Phenol market fell 8.90% in half a month, or it will continue to maintain this trend, which will suppress propylene.
Acetone market fell 10.49% in half a month, and may continue to maintain weak operation, which is bad for propylene market.
III. future forecast
According to the propylene analyst of the chemical branch of business society, the propylene market has been continuously lowered recently. Crude oil mainly fluctuates in a narrow range; most of the lower reaches are down and the purchase is cold, so it is expected that the market price of propylene will continue to decline in recent days.
| Azodicarbonamide (AC foaming Agent) |