1、 Price trend
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According to the data of the bulk list of business agencies, the domestic propylene (Shandong) market has stabilized after rising in recent seven days. Last Monday was a weekly low of 8471 yuan / ton, 8614 yuan / ton last Sunday, with a 7-day increase of 1.69%, Saturday (April 24) as the weekly high, 8619 yuan / ton, with a 7-day amplitude of 1.74%.
2、 Analysis and comment
According to the price chart of the business agency, the propylene price fell sharply in the second half of March and recovered at the end of the month. The market price rose slowly in early April, with the quotation increasing by about 50 yuan / ton on average every day, while the price rose steadily at the beginning of June. The price started on the 16th day steadily increased at the rate of 50 yuan / ton, and began to stabilize on the 23rd. The current market transaction is between 8600-8700 yuan / ton, and the mainstream price is about 8600 yuan / ton. On April 20, the foreign market of American propylene was down again significantly, which may have some influence on the domestic market. Recently, the price of propylene in Asia has been rising slightly, which has a small impact on the propylene market. There is no pressure on the stock of propylene market, and some units are still under maintenance. The supply of goods in Shandong Province is slightly tense.
Recently, international crude oil market events have been constantly, and the price fluctuates. Crude oil prices have been down significantly on April 20 and 21. The price fluctuation on April 22 and 23 is relatively small, with a slight upward trend, which has limited impact on the propylene market.
PP prices have risen slightly after the obvious decline in recent seven days, with a 7-day drop of 1.90%, and a 7-day amplitude of 2.09%. The futures market is cold and has limited impact on propylene.
Acrylic acid prices have stabilized after a slight increase in the past seven days, with a 7-day increase of 1.00%, which has little effect on the air of propylene.
In recent seven days, the propylene oxide market rose step by step, with a 7-day increase of 1.83%, which has a pull-up effect on propylene.
Epichlorohydrin market fell sharply in recent seven days, with a 7-day drop of 6.28%, which has a certain negative effect on propylene.
In recent seven days, the price of n-butanol in China was small up and down, without rise or fall, with the amplitude of 1.06% in the seven days, which had no impact on the propylene market.
In the past seven days, the price of isooctanol has been stable after steady rise, with a 7-day increase of 5.04%, which has a positive effect on propylene small.
The price of isopropanol has stabilized after the fluctuation of the price in the last seven days, with the 7-day increase of 0.92%, and the seven-day amplitude of 1.11%, which has little influence on propylene.
In the past seven days, the phenol Market Price in East China has been stable after rising steadily, with a 7-day increase of 2.76, which has a slightly positive effect on propylene.
In the last seven days, the quotation of the manufacturers in East China acetone market remained stable, which had no impact on propylene.
The price of acrylonitrile market has been falling in recent seven days, with a 7-day decline of 3.89%, and a 7-day amplitude of 4.30%, which has a positive effect on propylene.
3、 Post market forecast
According to propylene analysts of the chemical branch of business society, the domestic stock is not much, some units are overhauled, the supply of goods in Shandong is slightly tight, the crude oil market is slightly up, the downstream commencement rate is still acceptable, and polypropylene futures are generally. It is expected that the market will continue to stabilize the price later, and it is not allowed to exclude the possibility of small downward with downstream.
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