1、 Price trend
According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price in the first ten days of July rebounded to its original position after going down, with the price at the beginning of ten days at 6866 yuan / ton; at the end of ten days, the price was 6892 yuan / ton; on July 4 and 5, the ten day low price was 6636 yuan / ton, with a ten day increase of 0.38% and a ten day amplitude of 3.86%.
| PVA 1799 (PVA BF17) |
2、 Analysis and comment
According to the price chart of the business agency, the recent price of propylene fluctuates periodically, with a relatively stable price range. At the end of June, the price has been at a relatively high level at the beginning of the month, and then continuously decreased. After going down 200-250 yuan / ton, the price began to fall back on the 6th, and it has risen by about 250 yuan / ton on the 9th. Today’s price is roughly flat. The market transaction is between 6810 yuan / ton and 7100 yuan / ton, and the mainstream price is about 6850 yuan / ton, which is still in the high range, and the inventory backlog is not obvious.
On July 9, crude oil prices fell slightly, with little impact on propylene.
Recently, PP futures market is weak, but the late ten day PP spot pull up significantly, ten day increase of 3.20%, may have a positive impact on propylene.
In the early ten days, the market of acrylic acid has been stable in the early stage, and dropped sharply at the end of ten days, with a drop of 5.63%, which has a negative impact on propylene.
In the first ten days, the propylene oxide market rebounded after a shock and decline, with a ten day drop of 0.67% and a ten day amplitude of 2.01%.
The price of epichlorohydrin in the first ten days dropped significantly after the shock, with a drop of 6.39% in ten days and an amplitude of 8.72% in ten days.
In the first ten days, the domestic price of n-butanol was generally stable, with a slight upward trend, with a ten day increase of 0.28% and a ten day amplitude of 0.84%.
Octyl alcohol market in the first ten days was also stable and then went down, with a sharp decline at the end of ten days, with a drop of 3.10%, which had a slight negative impact on propylene.
In the first ten days, isopropanol market also showed a significant decline, with a drop of 8.62%, which had a significant negative impact on propylene.
| PVA 1788 (PVA BP17) |
In the first ten days of East China, phenol continued to decline, with a drop of 14.43%, which had a more obvious suppression effect on propylene.
In the first ten days of East China acetone, similar to phenol, also showed a continuous downward trend, with a drop of 14.57% in ten days, which also had a greater suppression effect on propylene.
3、 Future forecast
The propylene analysts of the chemical branch of the business society believe that: Generally speaking, the inventory pressure of propylene manufacturers is not big, the crude oil price is slightly downward, the polypropylene futures market is general, and the overall downstream market operating rate is still good, but most of the downstream prices have been reduced, the profit margin is weakened, and the propylene growth has reached the early range high, and the upward pressure is under pressure, so the downstream purchasing enthusiasm is not high, and it is expected to be close The daily propylene price may continue to be stable, which does not rule out the possibility of another downward trend on weekends.
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