1、 Price trend
According to the data of the business club’s large list, the market price of propylene (Shandong) in China fell continuously this week, with the weekly high price at the beginning of the week of 63673 yuan / ton; the weekly low price at the end of the week of 6223 yuan / ton, with the weekly drop of 6.60%.
2、 Analysis and comment
Products: in March, the decline trend of propylene price in Shandong Province in the early stage of reform began. On the first day, the prices of some enterprises rose slightly. On the second day, the prices of the whole line rose slightly. On the third and the fourth day, the prices of most enterprises generally rose. On the fifth day, the prices of some enterprises increased by about 50-100 yuan / ton. On the sixth day, the prices of enterprises began to fluctuate up and down, but the range was relatively small. On the tenth day, the prices generally fell by 50-100 yuan / ton. On the eleventh day, the prices slightly fell by 50 yuan / ton The daily price slightly declined by 50-100 yuan / ton. Today, the price dropped by 200-300 yuan / ton. At present, the market turnover is 6100-6650 yuan / ton, and the mainstream price is 6100-6150 yuan / ton.
| Benzalkonium chloride |
Industry chain: upstream, influenced by the OPEC meeting in the past few days, international crude oil plummeted in a row. Influenced by the hope of economic stimulus plan and US producers’ spending cuts on the 10th, American crude oil jumped 8% again. On the 11th, international crude oil fell slightly, and on the 12th, crude oil fell sharply again. Many times of downward news has a significant negative impact on propylene.
This week, the PP market slightly declined after a small rise, with a weekly decline of 0.93% and a weekly amplitude of 1.39%, which had little impact on propylene.
This week, acrylic acid market remained stable, and the price did not change, which had little impact on propylene.
This week’s propylene oxide market plummeted to 3.44%, which is expected to have a negative impact on propylene.
This week, epichlorohydrin prices fell in a weekend dive, with a one-day decline of 6.67% per week, which had a significant negative impact on propylene.
This week, the domestic price of n-butanol remained stable, with little impact on propylene.
This week’s octanol market is also a straight-line downward trend, with a weekly decline of 3.39%, which has some negative impact on propylene.
The isopropanol market rebounded slightly after the decline this week, with a weekly decline of 3.98% and a weekly amplitude of 4.38%, which was negative for propylene market.
| Sodium Molybdate |
The price of phenol Market in Shandong Province fell 6.14% this week, which has a more obvious negative impact on propylene.
Shandong acetone market fell sharply this week, with a weekly decline of 10.26%, which had a more prominent negative impact on propylene.
3、 Future forecast
According to the propylene analyst of business and chemical branch, the crude oil market has fallen sharply in recent days due to OPEC meeting and international market game. Due to the low production and inventory before propylene, the previous decline was not significant. However, the fluctuation of crude oil is still fierce, and the downstream trend is not ideal. It is expected that the propylene price will be affected by crude oil in the later stage, showing a significant downward trend.
| http://www.lubonchem.com/ |