1、 Price trend
The propane market fell broadly this week. At the beginning of the week, the average price of propane market was 4992.5 yuan / ton, and at the end of the week, the average price was 4730 yuan / ton, with a decrease of 5.26% in the week. The price was 12.62% higher than that of the same period last year.
2、 Analysis of influencing factors
| Benzalkonium chloride |
Product: the domestic propane Market Transaction atmosphere this week is average. As of January 17, Shandong Dongming Petrochemical Co., Ltd. stopped using propane for its own use, and Shandong Haiyou Petrochemical Group Co., Ltd. had no propane in stock, so it was not quoted temporarily. The ex factory price of propane of Tianjin Bohai Chemical Group supply and marketing company is 5000 yuan / ton, that of Shandong Dongying Hualian Petrochemical Co., Ltd. is 4650 yuan / ton, that of Shandong HSBC Petrochemical Co., Ltd. is 4770 yuan / ton, that of Shandong Hengyuan Petrochemical Co., Ltd. is 4800 yuan / ton, and that of Shandong Binzhou Dayou group is 4750 yuan / ton. The ex factory price of propane of Shandong Zhonghai Fine Chemical Co., Ltd. is 4650 yuan / ton, and that of Sinopec Qingdao Refining Chemical Co., Ltd. is 4700 yuan / ton.
The Spring Festival holiday is coming, and propane is mainly discharged in Shandong this week, with prices falling continuously. This week, the overall decline of international crude oil affected the market mentality. Before the festival, the manufacturer needs to store and arrange the stock, continuously reduce the price and give priority to profit delivery. Downstream demand continued to be sluggish, with more wait-and-see in the early part of the week. As prices continued to fall, the enthusiasm for market entry picked up in the late part of the week. However, due to the excessive rise in the early stage, it is still at a relatively high level. Although the import gas has been reduced, the cost is high and the falling space is limited.
Saudi Aramco’s January CP reported a sharp rise in both propylene and butane. Propane rose to $565 / T, up $125 / T from last month, and butane to $590 / T, up $135 / T from last month.
| Sodium Molybdate |
Industry: according to the price monitoring of the business agency, there are 20 kinds of commodities rising month on month in the second week of 2020 (1.13-1.17) in the list of commodity prices rising and falling in the chemical industry sector, the top three commodities rising are acetone (4.08%), acetic acid (3.92%) and dichloromethane (3.63%). There are 24 kinds of commodities with a decrease of more than 5%, and 2 kinds of commodities with a decrease of more than 5%, accounting for 2.4% of the monitored commodities in this sector. The products with the first 3 drops are glycol (-5.93%), propane (-5.26%) and ammonium chloride (-3.91%). This week’s average was – 0.08%.
3、 Future forecast
The decline of international crude oil is bad for the market. In addition, as the Spring Festival approaches, most of the storage, discharge and storage needs of refineries continue to yield profits and shipments. As the price falls, the enthusiasm for downstream market entry has improved. However, the import cost is at a high level, and the space for yield is limited. It is expected that the decline will continue next week, with a small range.
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