1、 Price trend
According to the data of the business club’s large scale list, the domestic propylene (Shandong) market price continued to decline this week, with a weekly high of 6023 yuan / ton at the beginning of the week; a weekly low of 5732 yuan / ton at the end of the week, with a weekly decline of 4.83%.
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 decreased by 50-100 yuan / ton, and the price decreased by 200-300 yuan / ton on the 13th. It was obvious again on the weekends. The price remained stable on the 16th, and fell continuously on the 17th, 18th and 19th. Today, the price is mainly stable. At present, the market turnover is 5650-6000 yuan / ton, and the mainstream price is 5650-5750 yuan / ton.
| EDTA |
Industry chain: upstream, influenced by OPEC meeting and various international economic policies, international crude oil rose and fell sharply; prices fell sharply again on the 16th, slightly on the 17th, sharply on the 18th and slightly on the 19th. The change of crude oil is large, which has obvious influence on propylene.
This week, PP market stabilized after a continuous downward trend, with a weekly decline of 4.68%, which had a certain negative impact on propylene.
This week, acrylic acid market remained stable, and the price did not change, which had little impact on propylene.
Propylene oxide rose slightly this week, up 0.80%, with limited impact on propylene.
Epichlorohydrin prices fell slightly this week, down 2.36%, slightly negative for propylene.
This week, the domestic price of n-butanol fell sharply, the weekly decline reached 6.54%, which had a significant negative impact on propylene.
This week, the octanol market continued to decline in a straight line, with a weekly decline of 4.40%, which had some negative impact on propylene.
Affected by the epidemic situation, the market price of isopropanol, as one of the raw materials of disinfectants, rose sharply this week, reaching 26.40% of the weekly increase, which has exceeded 30% in seven days, which has a significant positive impact on propylene.
| Melamine |
The phenol Market in Shandong Province remained stable this week, with limited impact on propylene.
Shandong acetone market slightly increased this week, with a weekly increase of 2.05%, which had little impact on propylene.
3、 Future forecast
According to the propylene analyst of business and chemical branch, the crude oil market has risen and fallen sharply recently due to the impact of the international crude oil market game. As the production and inventory of propylene are low before, the decline in the early stage is not significant, and the trend of follow-up in the later stage is also obvious. Although the market of isopropanol in the lower reaches increased significantly, other lower reaches were not ideal. It is expected that the price of propylene will continue to be affected by crude oil in the later stage, with in-situ shocks dominating.
| EDTA 2Na |