1、 Price trend
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According to the data of business club’s block list, the domestic propylene (Shandong) market price rose slightly this week and then fell back, with 7305 yuan / ton at the beginning of the week and 7293 yuan / ton at the weekend, with a weekly decline of 0.16%; while the weekly high price was 7323 yuan / ton on Thursday, with a weekly decline of 0.41%.
2、 Analysis and comment
According to the price chart of the business club, the propylene price declined all the way at the end of December, and began to rise on New Year’s day. On the 4th, the price was increased by about 100 yuan / ton. On the 5th and 6th, the price was mainly stable, with only a few enterprises going up. On the 8th, some prices fell. Now, the market transaction is between 7250 yuan / ton and 7500 yuan / ton, and the mainstream price is still around 7250 yuan / ton. Factory inventory is general, stable delivery.
On January 6, the crude oil price rose obviously, but on January 7, it still rose, which had a certain positive impact on propylene.
This week, the spot price of PP fell after rising, with no rise or fall, and the weekly amplitude was 0.41%, which had little impact on propylene.
This week, acrylic acid market is stable, the impact on propylene is limited.
This week, the market of propylene oxide was stable after going up continuously, with a weekly increase of 1.05%, which had a slightly positive impact on propylene.
Epichlorohydrin fell slightly this week, with a weekly decline of 1.33%, which had a small negative impact on propylene.
This week, the domestic n-butanol price all the way down, with a weekly drop of 10.78%, which has a more obvious suppression effect on propylene.
Octanol market is also all the way down this week, with a weekly decline of 6.80%, which also has a negative effect on propylene.
Isopropanol market also fell all the way this week, with a weekly decline of 8.47%, which also had a negative impact on propylene.
In the middle of this week, phenol in East China fell significantly and then stabilized, with a weekly decline of 3.36% and a weekly amplitude of 3.51%, which had a slight negative impact on propylene.
This week, acetone in East China went down all the way, with a weekly drop of 13.28%, which has a significant suppression effect on propylene.
3、 Future forecast
Propylene analysts from the chemical branch of business society think: Generally speaking, the current inventory is general, and the crude oil price has risen slightly, but I don’t know the strength of the future upward trend. The operation rate of the downstream market has risen slightly, and most of the negative ones are occupied. Therefore, it is expected that the recent propylene price will be mainly affected by the game between the crude oil market and the downstream trend.
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