1、 Price trend
According to the data of the business club’s large list, the market price of propylene (Shandong) in China this week rose steadily and then stabilized, with the weekly low price at the beginning of the week of 6643 yuan / ton; the weekly high price on Thursday of 6906 yuan / ton, and the weekly increase of 6902 yuan / ton on Friday of 3.90% and the weekly amplitude of 3.97%.
| Benzalkonium chloride |
2、 Analysis and comment
Last month, Shandong propylene prices fell after shocks, and began to rise at the end of the month. On the first day, the price of propylene continued the upward trend on Sunday, with a slight increase of about 50 yuan / ton. On the second day, the price rose again by about 100 yuan / ton. On the third day, it continued to rise by 100 yuan / ton, and on the fourth day, it rose slightly by 50 yuan / ton. Today, it is generally stable. Some enterprises have a slight downward trend. Now, the market transaction is between 6850-7000 yuan / ton, and the mainstream price is about 6850 yuan / ton.
At the end of May, the international crude oil rose slightly. On June 1, 2 and 3, the crude oil price rose significantly. On June 4, the crude oil market fell slightly. The output reduction of OPEC meeting stopped somewhat, and its effect on propylene was slightly weakened.
In recent days, PP futures market is relatively cold. After rising at the beginning of this week, PP spot market has been stable, with a weekly increase of 2.40%, which has little impact on propylene.
This week’s acrylic acid market rose slightly to maintain stability, with a weekly increase of 0.78%, having little impact on propylene.
This week’s Propylene Oxide Market pulled up after a slight fall, with a weekly increase of 2.61% and a weekly amplitude of 3.00%, which had a slightly positive impact on propylene.
The price of epichlorohydrin remained stable after being lowered this week, with a weekly decline of 2.11%, which had little negative impact on propylene.
This week, the domestic price of n-butanol slightly declined, with a weekly decline of 0.60%, which had little impact on propylene.
Octanol rose steadily this week, up 2.25%, slightly positive for propylene.
| Sodium Molybdate |
Affected by the epidemic situation, isopropanol market, as one of the raw materials of foreign disinfectants, rose sharply in the early stage and fell sharply. This week, it suddenly rose sharply again, with a weekly increase of 11.01%, which had a significant positive impact on propylene.
Phenol Market in Shandong Province continued to rise this week, with a weekly increase of 5.19%, which has a certain positive impact on propylene.
Shandong acetone market rose sharply this week, with a weekly increase of 20.28%, which had a greater positive impact on propylene.
3、 Future forecast
According to the propylene analyst of business and chemical branch, the international crude oil market has a good support, but to a limited extent. However, the downstream operating rate is relatively high, propylene inventory is not much, supply is slightly tight, and some downstream upstream is also relatively obvious, but the current trading is still relatively cold, and it is expected that propylene prices will start to stabilize in the near future.
| http://www.lubonchem.com/ |