1、 Price trend
According to the data of the business club’s large list, the market price of propylene (Shandong) in China fell continuously this week, with the weekly high price of 6891 yuan / ton at the beginning of the week; the weekly low price of 6549 yuan / ton on Friday, with a weekly drop of 4.96%.
| POLYVINYL ALCOHOL |
2、 Analysis and comment
Last month, Shandong propylene prices fell after shocks, and began to rise at the end of the month. On the first day, the price of propylene continued the upward trend on Sunday, with a slight increase of about 50 yuan / ton. On the second day, the price rose again by about 100 yuan / ton. On the third day, it continued to rise by 100 yuan / ton. On the fourth day, it rose slightly by 50 yuan / ton. On the fifth to the seventh day, it remained stable. On the eighth day, the price of individual enterprises declined slightly. On the ninth day, the price generally fell by 50 yuan / ton. On the tenth day, it fell again by about 100 yuan / ton. On the eleventh day, it continued to decline by 100 yuan / ton. Now The market turnover is between 6400-6900 yuan / ton, and the mainstream price is about 6500 yuan / ton. Propylene delivery is not smooth, a little inventory pressure.
At the end of May, the international crude oil rose slightly. On June 1, 2 and 3, the crude oil price rose significantly. On June 4, the crude oil market fell slightly. The output reduction of OPEC meeting stagnated. On May 5, the crude oil price rose significantly. On August 8, the crude oil price rose and fell mutually. On September 9, the price decreased. On October 10, the crude oil price rose slightly. On November 11, the crude oil dropped significantly, which suppressed propylene.
In recent days, PP futures market is relatively cold. This week, PP spot slightly rebounded after a slight decline, with a weekly decline of 0.64% and a weekly amplitude of 0.85%, which has little impact on propylene.
This week, the acrylic acid market maintained stability throughout the line, which had little impact on propylene.
This week, propylene oxide Market stabilized after a significant rise, with a weekly increase of 4.26%, which has a certain positive impact on propylene.
Epichlorohydrin prices fell slightly this week at the end of the week, down 0.62%, with little impact on propylene.
| PVA |
This week, the domestic price of n-butanol slightly declined, with a weekly decline of 0.61%, which had little impact on propylene.
Octanol rose steadily this week, up 2.69%, slightly positive for propylene.
Affected by the epidemic situation, the isopropanol market, as one of the raw materials of foreign disinfectants, rose sharply in the early stage and fell sharply. This week, it continued to rise and then stabilized, with a weekly increase of 6.99% and a weekly amplitude of 8.29%, which had a significant positive impact on propylene.
The phenol Market in Shandong Province remained stable after a sharp rise at the beginning of the week, with a weekly increase of 4.70%, which had a certain positive impact on propylene.
The acetone market in Shandong was flat after rising, with a weekly increase of 3.58%, which had a certain positive impact on propylene.
3、 Future forecast
According to the propylene analyst of the chemical branch of business society, on the whole, the international crude oil market is slightly empty, and the propylene manufacturers have a little overstocked inventory, while the trend of the downstream market is weak, the confidence in the industry is insufficient, and the market is cold, although some of the downstream markets have a good rise, but the trading is cautious, and there are few transactions, so it is expected that the price of propylene will still go down in recent days.
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