1、 Price trend
According to the data of the bulk list of business agencies, the domestic propylene (Shandong) market price rose sharply in March, and the price rose continuously in three days. At the beginning of the month, the average price of enterprises was the lowest, 6350 yuan / ton; on March 3, the average price of enterprises was the highest, 6542 yuan / ton, up 3.02% on March 3.
2、 Analysis and comment
Product: in March, the price of propylene in Shandong began to decline in the early stage of the first reform. On the first day, the price of some enterprises picked up slightly. On the second day, the price of the whole line rose slightly. Today, most enterprises increased about 200 yuan / ton. At present, the market turnover is 6500 ~ 6700 yuan / ton, and the mainstream price is about 6500 yuan / ton.
| Sodium selenite |
Industry chain: in the upstream, during the Spring Festival, the international crude oil market continued to decline substantially, and then rebounded slightly. Since March, OPEC has increased its production reduction expectation. The crude oil price has been near the low level in 2018, and the crude oil market has risen significantly, and the crude oil futures have risen rapidly.
In recent days, PP market rose steadily, up 1.68% in three days. Futures market is better, which has a certain positive impact on propylene.
In recent days, acrylic acid market has been stable, and the price has not changed, which has little impact on propylene.
In recent days, the market of propylene oxide has declined significantly, reaching 4.43% in three days, which is expected to have a certain negative impact on propylene.
In recent days, epichlorohydrin prices fell sharply, down 6.28% in three days, which had a significant negative impact on propylene.
Recently, the price of n-butanol in China has been stable, with little impact on propylene.
In recent days, octanol market has declined by 2.53% in three days, which has some negative impact on propylene.
| Stannous Sulphate |
Isopropanol market prices recently fell slightly, down 1.90% in three days, which was negative for propylene market.
The price of phenol in Shandong Province has also been explored recently, with a 3-day decline of 2.60%, which has some negative impact on propylene.
In recent days, the acetone market in Shandong Province has seen a slight decline in price, with a decline of less than 0.48% in three days, which has limited impact on propylene.
3、 Future forecast
According to the propylene analyst of the chemical branch of the business society, the propylene market has rebounded continuously in recent days, and the crude oil market has rebounded from the bottom under the influence of multiple good news. In the near future, the production and inventory of propylene plant are relatively low. Now, crude oil and polypropylene futures are rising, which makes the downstream procurement active. Therefore, although the downstream products are slightly down, it is expected that the market price of propylene may rise in recent days, and the downstream products may slightly follow up in the later period.
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