1、 Price trend
| Melamine |
According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price fell slightly this week, with the weekly high price of 6782 yuan / ton at the beginning of the week, and the weekly low price of 6728 yuan / ton at the weekend, with a weekly decline of 0.79%.
2、 Analysis and comment
According to the price chart of the business agency, the recent price of propylene fluctuates periodically, with a relatively stable price range. Since the beginning of July, the price has been continuously reduced by 200 ~ 250 yuan / ton. From 6 to 9, the price has been adjusted back by about 250 yuan / ton. On October 10 and 11, the price has been roughly flat. Since the 12th, the price has declined twice. Now, the total price has dropped 150 ~ 200 yuan / ton. Today, most of them are stable, some enterprises have a slight downward trend, and some enterprises have made a correction. The market transaction is still between 6670 ~ 7000 yuan / ton, and the mainstream price is about 6700 yuan / ton. There is a certain pressure on propylene manufacturers to ship.
On July 16, crude oil prices fell slightly, with limited impact on propylene.
Recently, PP futures market was weak, spot price fell by 1.24% over the weekend, which may have a little negative impact on propylene.
Acrylic acid market slightly down this week, the weekly decline of 0.46%, little impact on propylene.
Propylene oxide market this week to maintain stability, no impact on propylene.
| EDTA 2Na |
Epichlorohydrin price rose after a small fall this week, with a weekly increase of 1.36% and a weekly amplitude of 2.40%, which had a slight positive impact on propylene.
This week, the domestic price of n-butanol declined steadily, with a weekly decline of 3.75%, which had a negative impact on propylene.
This week octanol market shocks downward, the weekly decline of 1.41%, slightly negative impact on propylene.
This week, isopropanol market also fluctuated downward trend, with a weekly decline of 1.92%, which also had a slightly negative impact on propylene.
At the beginning of this week, the phenol in East China remained stable after a sharp decline, with a weekly decrease of 6.07%, which had a certain suppression effect on propylene.
East China acetone this week is similar to phenol, the beginning of the week fell sharply after holding steady, the weekly decline also has 4.65%, has a certain suppression effect on propylene.
3、 Future forecast
The propylene analysts of the chemical branch of the business society believe that: Generally speaking, there is a slight pressure on the inventory of propylene manufacturers, the crude oil price is general, the overall downstream market is stable or downward trend is more, although the operating rate is acceptable, but the purchasing enthusiasm is weak, and the market trading is cold. Moreover, the current propylene price is still far from the lower limit of the recent propylene shock range, so it is expected that the propylene price may start to stabilize in the near future, which does not rule out the possibility of another downward trend on weekends.
| EDTA |