1、 Price trend
According to the data of the business club’s bulk list, the domestic propylene (Shandong) market price rose sharply this week, with the weekly low price of 6940 yuan / ton at the beginning of the week, and the weekly high price of 7238 yuan / ton at the weekend, with a weekly increase of 4.29%.
| PVA |
2、 Analysis and comment
According to the price chart of the business agency, the price of propylene broke through the cyclical fluctuation range at the beginning of last month, and began to fluctuate in a narrow range, and the market fluctuation was small. However, since September 1, the price of propylene has continued to rise on the whole line, and the upward range is more and more large. Up to the 4th day, the total price of propylene is about 300 yuan / ton. At present, the transaction volume in the market is between 7180 yuan / ton and 7550 yuan / ton, and the mainstream price is about 7200 yuan / ton. Propylene manufacturers to ship smoothly, inventory without pressure.
On September 3, crude oil prices fell significantly, which had a negative impact on propylene market.
Recently, PP futures market began to decline in the middle of the week, and the spot price rose steadily, with a weekly increase of 3.74%. It is expected that the favorable impact on propylene will be limited in the later period.
Acrylic acid market rose slightly this week, with a weekly increase of 0.67%, which had little impact on propylene.
Propylene oxide market rose steadily this week, with a weekly increase of 2.94%, which had a positive impact on propylene.
Epichlorohydrin price rose this week and then stabilized, with a weekly increase of 2.57%, which had a positive impact on propylene.
This week, the domestic n-butanol price rose over the weekend, with a weekly increase of 1.17%, which had a slight positive impact on propylene.
Octanol market this week held steady in the first half of the week, and continued to rise in the second half of the week, with a weekly increase of 1.69%, which had a small positive impact on propylene.
| POLYVINYL ALCOHOL |
The isopropanol market remained stable in the first half of this week, and continued to rise in the second half of the week, with a weekly increase of 1.67%, which also had a positive impact on propylene.
East China phenol fell slightly this week and then stabilized, with a weekly decline of 0.90%, which had little impact on propylene.
East China acetone continued to rise this week and then stabilized, with a weekly increase of 8.20%, which had a significant effect on propylene.
3、 Future forecast
The propylene analysts of the chemical branch of the business society believe that: on the whole, there is no pressure on the inventory of the propylene manufacturers, the crude oil price is obviously downward, the downstream polypropylene futures market is declining, and the propylene oxide Market is stable. Although the overall profit space of the downstream is good, the purchasing enthusiasm still drops, and the price is at the high point of nearly four and a half months after continuous rising Propylene price is expected to have downward pressure in the future.
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