1、 Price trend
| Melamine |
According to the data of the business club’s bulk list, the domestic propylene (Shandong) market price has been rising continuously after stabilizing this week, with the weekly low price of 6892 yuan / ton at the beginning of the week, the weekly high price of 7033 yuan / ton at the weekend, and the weekly increase of 2.04%.
2、 Analysis and comment
According to the price chart of the business agency, since November 1, the propylene price has dropped sharply at the end of October, and has risen by 200-250 yuan / ton on the 5th. After a short period of stabilization, the price dropped slightly by about 100 yuan / ton on August 8 and 9, and then stabilized again. On the 12th, it rose 50 yuan / ton again, and then fluctuated slightly. On the 19th, it showed a trend of full increase, rising by 50-100 yuan / ton, and again today Generally, the price is raised by about 100 yuan / ton, and the current market turnover is between 6980 yuan / ton and 7300 yuan / ton, and the mainstream price is about 7000 yuan / ton. At present, the inventory of the manufacturer is controllable and the shipment situation is ideal.
On November 19, crude oil prices fell slightly, with little impact on propylene.
PP spot price continued to rise this week, with a weekly increase of 3.77%. The futures market was also relatively ideal, which had a positive impact on propylene.
Acrylic acid market rose significantly this week and then stabilized, with a weekly increase of 7.98%, which had a significant positive impact on propylene.
Propylene oxide market continued to rise sharply this week, with a weekly increase of 9.02%, which also had a more obvious positive effect on propylene.
| Bacillus thuringiensis |
Epichlorohydrin recovered and stabilized after a small drop this week, with a weekly increase of 3.47% and a weekly amplitude of 5.41%, which had a small positive impact on propylene.
This week, the domestic price of n-butanol continued to rise sharply, and the weekly increase was as high as 15.81%, which had a good effect on propylene.
Octanol market rose significantly this week and then stabilized, with a weekly increase of 5.31%, which had a positive impact on propylene.
This week, isopropanol market also continued to rise sharply, with a weekly increase of 18.75%, which also had a good effect on propylene.
This week, phenol in East China still showed a ladder upward trend, with a weekly increase of 6.92%, which had a certain pulling effect on propylene.
This week, East China acetone also continued to rise sharply, with a weekly increase of 16.31%, which also had a more obvious effect on propylene.
3、 Future forecast
The propylene analysts of the chemical branch of the business society think: in a comprehensive view, the inventory of propylene manufacturers is controllable, the crude oil price is slightly up and down, and the downstream market is relatively ideal, and the rising trend is obvious. Therefore, it is expected that the propylene price will continue to rise in the near future.
| Azodicarbonamide (AC foaming Agent) |