I. price trend
According to the data of the bulk list of business agencies, the market price of propylene fell in October. At the beginning of the month, the average price of the enterprise was 7488 yuan / ton, and at the end of the month, it was the monthly low price, 7261 yuan / ton, with a monthly decline of 3.04%. The high price of this month was 7566 yuan / ton on October 15 and 16, with a monthly amplitude of 4.02%.
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. The price continued to rise on the 22nd, the 23rd, the 27th, the 30th, and the 100yuan/ At present, the market turnover is about 7150-7450 yuan / ton, and the mainstream price is 7200 yuan / ton. Now, the haze weather is getting worse, which has some adverse effects on the equipment and logistics transportation in the area.
| Potassium monopersulfate |
Industry chain: in the upstream, the explosion of Iranian oil tanker in the early October led to an obvious rise in international crude oil, which had a certain effect on propylene. However, in the later period, the crude oil market failed to maintain the upward trend, which was relatively low and weak support for propylene. Downstream, the end of the month PP market is not obvious, some negative impact on propylene.
In October, PP spot fell in shock, with a monthly decline of 3.57%, which had a negative impact on propylene market.
In October, the domestic acrylic acid market showed a ladder like downward trend, with a monthly decline of 7.14%, which had a negative impact on propylene.
Propylene oxide declined to its original position after rising in October, with a monthly decline of only 0.5% and an amplitude of 6.01%. In the future, it is mainly weak consolidation, with limited impact on propylene.
In October, epichlorohydrin continued its previous upward trend, with a monthly increase of 25.33%, which had a positive impact on propylene price.
N-butanol market gradually declined in October, down 6.70% month on month, which had a negative impact on propylene.
| ferric sulfate (Poly ferric sulphate) |
The price of octanol fell continuously in the first ten days of October, and began to stabilize in the last ten days, with a monthly decline of 7.21%, which may have a negative impact on propylene.
In October, isopropanol market has a strong wait-and-see atmosphere, and the buying is cautious, with a monthly decline of 16.39%, which has a suppressive effect on propylene.
In October, the domestic phenol market was stable and slightly recovered, with a monthly decline of 9.36%, which had a certain negative impact on propylene.
In October, the domestic acetone market also stabilized after a downward trend, picking up slightly, with a monthly drop of 14.88%, which had a certain negative impact on propylene.
III. future forecast
According to the propylene analyst of business and chemical branch, overall, propylene declined after two gains in October. The upstream crude oil market is relatively low; the downstream also has a certain negative impact, so it is expected that the propylene price in Shandong will still have a downward trend in the short term.
| Azodicarbonamide (AC foaming Agent) |