1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Business Society, the domestic propylene (Shandong) market saw a slight increase this week (12.11-12.15). The average price in the Shandong market at the beginning of the week was 6968 yuan/ton, and the average price over the weekend was 7010 yuan/ton, with a weekly increase of 0.61% and a year-on-year decrease of 8.53%.
As of December 15th, the mainstream prices of propylene in different regions in China are as follows:
Region/ December 15th
Shandong region/ 6900-7000 yuan/ton
Northeast region/ 6650-6700 yuan/ton
East China region/ 7000-7050 yuan/ton
2、 Analysis and Review
According to the commodity market analysis system of Business Society, the propylene market rose first and then stabilized this week. During the week, crude oil prices rose on the news side, boosting confidence among businesses. At the same time, downstream devices have gradually resumed operation, and demand has also increased, further boosting the market. After the upstream actively pushed up, the market returned to stability.
3、 Future Market Forecast
The propylene analyst from the Chemical Branch of Shengyishe believes that there will be limited changes in the supply of propylene in the short term, and the demand side will gradually return to stability. It is expected that the propylene market will remain stable and weak next week.
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