1、 Price trend
According to the data of the large scale list of business agencies, the prices of domestic propylene (Shandong) market rose and fell mutually this week. In the first half of the week, the prices continued to decline. On Thursday and Friday, some enterprises showed a slight upward trend, but the overall trend still fell. At the beginning of the week, the average price of enterprises is the weekly high price, RMB 6181 / T; at the end of the week, the average price of enterprises is the weekly low price, RMB 6067 / T, with a weekly decrease of 1.85%.
2、 Analysis and comment
| Thiourea dioxide |
Products: since February, the price of propylene in Shandong Province has been declining all the way. On November 11, the price of some enterprises recovered slightly and then declined. Today, the price has fluctuated. At present, the market turnover is about 5750-6200 yuan / ton, and the mainstream price is 5900-6000 yuan / ton. There are many units in the upstream and downstream industries that have been shut down for maintenance, and the operating rate is still low; however, affected by the epidemic situation, some refineries ship at a low price under the pressure of inventory, and the market transaction is rare, the market is cold, and the wait-and-see is the main thing. It is expected that the market price of propylene will fluctuate in situ in recent days.
Industry chain: in the upstream, during the Spring Festival, the international crude oil market continued to decline substantially, and recently recovered slightly.
This week, PP market fell sharply, with a weekly decline of 4.81%, which had a significant negative impact on propylene.
Acrylic acid market held steady this week, but fell 11.30% during the Spring Festival. It is expected that acrylic acid market will be strong in the short term, with some negative impact on propylene.
This week’s decline in propylene oxide Market after a slight correction, weekly decline of 5.11%, weekly amplitude of 5.47%, is expected to have a suppressive effect on propylene.
Epichlorohydrin prices fell slightly this week, with a weekly decline of 2.41%. In the future, it may be narrow range finishing operation, with limited negative impact on propylene.
| Thiourea |
This week, the domestic price of n-butanol fluctuated downward, with a weekly decline of 4.52%, which had a negative impact on propylene.
The octanol market held steady this week, but fell 3.86% during the Spring Festival, which had some negative impact on propylene.
The price of phenol Market in Shandong Province remained stable this week. During the Spring Festival, the price dropped only 0.49%, which had little impact on propylene.
The prices of acetone market in Shandong Province were all stable this week, and only declined by 0.44% during the Spring Festival, which had little impact on propylene.
Isopropanol market price slightly fluctuated this week, but back to its original position, the weekly rise and fall was 0. After the Spring Festival, the price rose 4.24%, which was good for propylene market price.
3、 Future forecast
According to the propylene analyst of the chemical branch of business society, in general, the propylene market has declined in recent days, and the change range of the crude oil market is limited, with a slight correction. However, the downstream operating rate is relatively low, and the plant shutdown situation is still the same, so it is expected that the propylene market will be relatively cold in recent days, and the price will mainly fluctuate.
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