1、 Price trend
| EDTA |
According to the data of the business club’s bulk list, the domestic propylene (Shandong) market price fell continuously this week and then stabilized, with the weekly high price of 7232 yuan / ton at the beginning of the week, and the weekly low price of 7143 yuan / ton at the weekend, with a weekly decline of 1.24%.
2、 Analysis and comment
According to the price chart of the business agency, the price of propylene broke through the cyclical fluctuation range at the beginning of last month, and began to fluctuate in a narrow range, and the market fluctuation was small. However, since September 1, the price of propylene has been rising continuously on the whole line, and the upward range is getting larger and larger. Up to the 4th, the price has risen by about 300 yuan / ton, and remained stable at the weekend. Since the 7th, the price has been reduced by 100-150 yuan / ton. On the 11th, the whole price has stabilized. The market transaction is between 7070 and 7400 yuan / ton, and the mainstream price is about 7100 yuan / ton. Propylene factory shipment general, pressure controllable.
On September 10, the crude oil price fell slightly, but the range was not large, which had little impact on propylene market.
PP futures market continued to decline this week, spot prices stabilized in the first half of the week, but also showed a downward trend in the second half of the week, with a weekly decline of 2.41%, which had a slight negative impact on propylene.
This week, acrylic acid market rose significantly on Monday, and the price remained stable during the week, with a 7-day increase of 4.42%, which had a positive impact on propylene.
Propylene oxide market continued to rise steadily this week, with a weekly increase of 4.18%, which had a positive impact on propylene.
Epichlorohydrin price rose sharply this week and then stabilized, with a weekly increase of 5.64%, which had a positive impact on propylene.
| EDTA 2Na |
This week, domestic n-butanol prices showed a ladder like upward trend, with a weekly increase of 2.00%, which had a slight positive impact on propylene.
Octanol market continued to pull up in the first half of this week, and remained stable in the second half, with a weekly increase of 1.42%, which had limited impact on propylene.
The isopropanol market rose steadily this week, with a weekly increase of 4.90%, which had a positive impact on propylene.
East China phenol fell down this week and then stabilized, with a weekly decline of 2.75%, which had a slightly negative impact on propylene.
East China acetone continued to rise this week, with a weekly increase of 5.61%, which had a certain effect on propylene.
3、 Future forecast
The propylene analyst of the chemical branch of the business society thinks: in a comprehensive view, the current propylene manufacturers’ delivery pressure is still within the controllable range, the crude oil price has dropped slightly, most of the downstream have a certain positive impact, and the profit margin of propylene oxide is better, the profit margin of butyl octanol and polypropylene industry is also up, and the purchasing enthusiasm is slightly increased, but the market atmosphere is stable and wait-and-see for the maintenance of some butanol and octanol units Main, propylene prices are expected to continue to stabilize in the later period.
| Melamine |