1、 Price trend
According to the data of the business club’s large list, the market price of propylene (Shandong) in China continued to rise steadily this week, with a stable weekend. The initial weekly price was 6829 yuan / ton, and the Thursday and Friday prices were 6979 yuan / ton, with a weekly increase of 2.20%.
| PVA 1799 (PVA BF17) |
2、 Analysis and comment
Product: last month, Shandong propylene price soared and plummeted, and then remained stable again, and the market was stable. During the May 1st period, the price of propylene slightly increased by about 50 yuan / ton. On the 6th day, the price increased by 100 yuan / ton again. On the 7th, 8th and 9th day, the price increased by 50 yuan / ton continuously. On the 10th day, some enterprises continued to increase by 50 yuan / ton. On the 11th day, the price increased by 50 yuan / ton again. On the 12th day, it increased by 100-200 yuan / ton obviously. On the 13th day, it continued to increase by 100-200 yuan / ton. On the 14th day, it increased by 50-100 yuan / ton again. On the 15th day, it still increased by 50-100 yuan / ton on weekends Until 22, the upward trend has remained unchanged, with a daily upward trend of 50-100 yuan / ton. Today, it finally began to stabilize. Now, the market transaction is still between 6950-7200 yuan / ton, and the mainstream price is about 6950 yuan / ton.
Industry chain: influenced by the international situation, the international crude oil price rose significantly at the end of last week, and now the crude oil is still rising, but the trend is slowing down. Influenced by the international events on August 8, the crude oil rose again significantly. On November 11, the crude oil went down slightly, and in the later period, the crude oil price rose slightly in a row. On the 15th, it also rose significantly. On the 18th, Monday, it rose a lot, and from the 19th to the 21st, it fluctuated slightly, which is still good for propylene Obviously.
Affected by public health events, the modified special material in PP last month was melt blown cloth material, and the price rose sharply in the early stage. Now, the price of melt blown cloth has been lowered, and PP futures have been restored to rationality. This week, the spot price of PP has stepped up, with a weekly increase of 2.47%, slightly positive impact on propylene.
This week’s acrylic acid market rose slightly and remained stable, with a weekly increase of 0.79%, which had little impact on propylene.
Propylene oxide market fell this week, down 2.11%, slightly negative impact on propylene.
Epichlorohydrin rose steadily this week, with a weekly increase of 3.12%, which had a small positive impact on propylene.
This week, the domestic price of n-butanol continued to rise, with a significant increase over the weekend, with a weekly increase of 3.03%, which is good for propylene.
| PVA 1788 (PVA BP17) |
Octanol rose steadily this week, up 2.34%, slightly positive for propylene.
Affected by the epidemic situation, isopropanol market, as one of the raw materials of foreign disinfectants, rose sharply in the early stage, fell sharply, and remained stable after rising this week, with a weekly increase of 4.87%, which may still have a positive impact on propylene.
Phenol Market in Shandong Province maintained stability this week, with no weekly increase or decrease, which had little impact on propylene.
Shandong acetone market also maintained stability this week, with no weekly increase or decrease, which had little 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 has a positive support, and the price has been rising for many times, which has a certain supporting effect on propylene. However, the downstream operating rate is relatively high and propylene inventory is not large, but the recent rise of several consecutive days still puts pressure on the downstream. Therefore, although the downstream is also up, the trading is still cold. It is expected that propylene prices will maintain stability in recent days.
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