1、 Price trend
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According to the data of business club’s block list, the domestic propylene (Shandong) market price rose at the beginning of this week, and then fell slightly and remained stable. The weekly low price was 7466 yuan / ton at the beginning of this week, and the weekly high price was 7486 yuan / ton at the weekend, with a weekly increase of 0.28%; the weekly high price was 7495 yuan / ton on Tuesday and Wednesday, with a weekly amplitude of 0.40%.
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. It rose by about 100 yuan / ton on the 4th. Later, it was stable or rose, and the overall rise was ladder like. This month, it has risen by about 250-300 yuan / ton. Today, it continues to decline. The market transaction is still between 7450-7650 yuan / ton, and the mainstream price is about 7450 yuan / ton. Now the factory has no pressure on inventory, and the delivery is smooth.
On January 21, crude oil prices fell slightly, with limited impact on propylene.
This week, the spot price of PP was stable after rising, with a weekly increase of 2.68%. The market of PP futures was general, the profit margin of powder factory was improved, and the load was increased, which had a slightly positive impact on propylene.
Acrylic acid market rose slightly this week, up 0.35%, with limited impact on propylene.
Propylene oxide market fell significantly this week, with a weekly decline of 6.27%, which has a certain suppression effect on propylene.
Epichlorohydrin fell slightly this week and then stabilized, with a weekly decline of 1.92%, which had a small negative impact on propylene.
This week, the domestic n-butanol price rebounded after the decline, with a weekly increase of 1.67% and a weekly amplitude of 3.40%, which had a slightly positive impact on propylene.
This week, the market of isooctanol was stable after the decline, with a weekly decline of 4.19%, which had a certain negative effect on propylene.
Isopropanol market continued its upward trend at the beginning of this week, then stabilized and fell slightly, with a weekly increase of 13.25% and a weekly amplitude of 17.52%, which had a certain positive impact on propylene.
This week, phenol in East China rose slightly and then fluctuated and stabilized, with a weekly increase of 1.99% and a weekly amplitude of 2.32%, which had a slightly positive impact on propylene.
This week, acetone in East China rose sharply and then stabilized, with a weekly increase of 13.98% and a weekly amplitude of 14.83%, which had a significant positive effect on propylene.
3、 Future forecast
Propylene analyst of business society chemical branch thinks: Overall, there is no pressure on current inventory, crude oil price fluctuates slightly, downstream polypropylene futures market is general, operating rate rises slightly, trading picks up, and downstream market is more favorable than negative, so it is expected that propylene price will continue to fluctuate in the near future, and the possibility of rising volatility can not be ruled out.
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