1、 Price trend
According to the data in the large scale list of business agencies, the market price of propylene (Shandong) in China rose and fell sharply from April 10 to April 18. The prices on April 10 and April 18 were 5957 yuan / ton, with no increase or decrease. However, the highest price was 9446 yuan / ton from April 12 and 13, with an amplitude of 58.56%.
2、 Analysis and comment
ferric sulfate (Poly ferric sulphate) |
Product: the price of propylene in Shandong Province fell in shock last month, and dropped sharply again at the end of the month, with a monthly drop of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton, and on the second day, it still declined by 50 yuan / ton. On the third day, the price of some enterprises slightly increased by 50-100 yuan / ton. After the Qing Dynasty, the price of propylene increased steadily. On the seventh day, the price began to rise by 100 yuan / ton, and on the tenth day, it rose by 200-300 yuan / ton, while on the 11th day of Saturday, it rose by more than 1000 yuan / ton. On the 12th day of Sunday, it continued to soar by 1000-5000 yuan / ton, Monday After the sharp rise on weekends, the market may need to digest, and the price remained unchanged on the 13th. On the 14th, most of the enterprises’ prices dropped significantly by 1000 yuan / ton, and some of them recovered to the price before the sharp rise. On the 15th, the price dropped more than 500-1000 yuan / ton, and on the 16th, the price continued to drop by 200 yuan / ton. On the 17th, the price still fell by 400 yuan / ton. On the 18th, Saturday, the market made up for the drop. Saturday, the transaction was concluded Between 5850-6300 yuan / ton, the mainstream price is 5850-6000 yuan / ton.
Industry chain: in the upstream, affected by the international situation, many countries have introduced production reduction policies to improve the crude oil market, but recently the crude oil price is not ideal and fluctuates frequently. Last Friday, the crude oil price rose slightly, but it is reported that it declined in the later period, so it has a certain negative impact on the future market of propylene.
Under the influence of public health events, the modified special material in PP is melt blown cloth raw material, and the price is soaring. However, PP futures returned to rationality last week after the previous surge. In the near future (April 10 to April 18), PP increased by 10.05% with an amplitude of 19.18%, which had less positive impact on propylene.
Recently (April 10 to April 18) acrylic acid market continued to rise, up as high as 30.94%, which has a certain positive impact on propylene.
In the near future (April 10-18), propylene oxide Market is similar to propylene market. After the rise, it fell, with an increase of 4.39% and an amplitude of 21.05%, which has little impact on propylene.
Recently (April 10 to April 18), epichlorohydrin increased continuously, with an increase of 9.74%, which had a certain positive impact on propylene.
Recently (from April 10 to April 18), the price of n-butanol in China fell slightly after rising, with an increase of 25.46% and an amplitude of 31.37%, which had a small positive impact on propylene.
povidone Iodine |
Recently (from April 10 to April 18), octanol market also fell slightly after the upward shock, with an increase of 12.30% and an amplitude of 16.09%, which had a slight positive impact on propylene.
Affected by the epidemic situation, the isopropanol market, as one of the raw materials of foreign disinfectants, continued to rise steadily in the near future (April 10 to April 18), with an increase of 15.14%, which still had a positive impact on propylene.
The phenol Market in Shandong Province recently (April 10 to April 18) rose steadily, with an increase of 15.17%. However, the subsequent weakness has limited positive impact on propylene.
The acetone market in Shandong Province recently (April 10 to April 18) also rose steadily, up 29.55%, which has a certain positive impact on propylene.
3、 Future forecast
According to the propylene analyst of business and chemical branch, although the international crude oil market has reached an agreement to reduce production, the demand is not strong and the market is volatile, so the impact on propylene is limited. While the downstream PP futures have begun to return, and although other downstream markets have a positive impact, they are unable to continue. Now, the propylene price has fallen to the level before the surge, and it is expected that the propylene price will start to stabilize in recent days, not excluding the possibility of small shocks.
Melamine |