I. price trend
According to a large number of data in the list of business agencies, the market price of propylene (Shandong) rose after a small drop in recent days. At the beginning of the week, the average price of enterprises is 7287 yuan / ton, and at the end of the week, the average price of enterprises is the weekly high price, at 7354 yuan / ton, with a weekly increase of 0.92%; at Tuesday and Wednesday, the weekly low price is 7269 yuan / ton, with a weekly amplitude of 1.17%.
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II. Analysis and comment
Product: it is the National Day holiday at the beginning of October. Due to the impact of the policy of limiting production and operation, the price of propylene during the holiday has been generally stable, with occasional downward trend. After the end of the policy, most of the initial prices remained stable. On the 10th and 11th, the prices of the enterprises rose. On the 12th, the prices stabilized. On the 13th, 14th and 15th, they all rose slightly. On the 16th, they were stable. On the 17th, most of the enterprises began to decline. On the weekend, they fell significantly. The market continued to decline until the 22nd. Today, the prices rose again by about 50 yuan / ton. At present, the market turnover is about 7300-7550 yuan / ton, and the mainstream prices are around 7300-7550 yuan / ton. At 7300 yuan / ton.
Industry chain: in the upstream, influenced by the further production reduction of major oil producing countries and the decrease of commercial crude oil inventory in the United States, the international oil price has increased significantly in recent days, which has a strong positive effect on propylene market. In the downstream, the downstream units in Shandong gradually recovered, the operating rate increased slightly, and the shipment was smooth, which also supported the propylene market.
Recently, PP spot market fell slightly, with a weekly decline of 1.34%, slightly suppressing propylene.
The domestic acrylic acid demand is weak in recent days, and the market inquiry volume is small. This week, the price dropped by 1.33%, which also has a certain suppression effect on the propylene price.
Propylene oxide has declined several times in recent days, with a weekly decline of 2.91%. The market is weak, which is bad for propylene market.
Epichlorohydrin prices rose sharply again this week, up 8.05%, which has a certain effect on propylene market.
In recent days, the n-butanol market has been affected by the support surface, maintaining a weak stability and consolidation, and the price has not fluctuated.
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The price of octanol fell slightly this week, with little impact on propylene.
Isopropanol prices continued to decline this week, down 3.30%, on the propylene market has a negative impact.
Phenol Market slightly fell 1.02% this week, and the downward trend began to slow down, with little impact on propylene.
Acetone market fell this week and also had a correction, although the weekly decline was 5.18%, but the market rose slightly in the second half of the week, weakening the negative impact on propylene market.
III. future forecast
According to the propylene analyst of the chemical branch of the business society, in general, the propylene market began to callback recently. The crude oil market has increased significantly; the downstream units have recovered, the operating rate has increased, and the negative impact has weakened, so it is expected that the propylene market price may still have room to rise in recent days.
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