1、 Price trend
According to the data of the business club’s bulk list, the domestic propylene (Shandong) market price in this month experienced a rapid decline trend after two small rises, which was 6350 yuan / ton at the beginning of the month; it was also the monthly low price at the end of the month, which was 5378 yuan / ton, with a monthly decline of 15.31%; the monthly high price was 6663 yuan / ton, with a monthly amplitude of 19.29%, from March 6 to March 9.
2、 Analysis and comment
Products: in March, the decline trend of propylene price in Shandong Province in the early stage of reform began. On the first day, the prices of some enterprises rose slightly. On the second day, the prices of the whole line rose slightly. On the third and the fourth day, the prices of most enterprises generally rose. On the fifth day, the prices of some enterprises increased by about 50-100 yuan / ton. On the sixth day, the prices of enterprises began to fluctuate up and down, but the range was relatively small. On the tenth day, the prices generally fell by 50-100 yuan / ton. On the eleventh day, the prices slightly fell by 50 yuan / ton The daily price slightly decreased by 50-100 yuan / ton, and the price decreased by 200-300 yuan / ton on the 13th. The price was stable again on the 16th, and fell continuously on the 17th, 18th and 19th. Since the 20th, the price has been stable mainly. The price began to rise on the 24th, and finally began to stabilize on the 27th. The price has declined again since the weekend. Today, the price continues to decline significantly, down by 200-300 yuan / ton per day, At present, the market turnover is 5300-5800 yuan / ton, and the mainstream price is about 5300 yuan / ton. At the beginning of April, there are more propylene manufacturers or will start construction, which has a great negative impact on propylene.
| Thiourea dioxide |
Industry chain: upstream, influenced by the OPEC meeting and various international economic policies, the international crude oil price dropped sharply again on the 16th, slightly on the 17th, sharply on the 18th and slightly on the 19th. On the 20th, the crude oil price rose significantly. On the 23rd, the original oil price dropped significantly. On the 24th, the crude oil price rose again. On the 25th and 26th, the price fluctuated slightly. On the 27th, the price fluctuated slightly There is a more obvious downward trend, and the price continued to fall on the 30th. The continuous decline of crude oil market has a negative impact on propylene.
PP market declined after rising this month. At the end of the month, it was a low price, with a monthly decline of 4.09% and a monthly amplitude of 7.85%. PP futures market declined significantly, but rebounded at the end of the month, reducing some negative effects on propylene.
Acrylic acid fell sharply at the end of this month, with a monthly decline of 10.23%, which had a certain negative impact on propylene.
Propylene oxide market fell sharply this month, with a significant decline at the beginning and end of the month, with a monthly decline of 13.65%, which also had a negative impact on propylene.
Epichlorohydrin stabilized after a step-by-step decline this month, and fell again at the end of the month, with a monthly decline of 25.96%, which had a significant negative impact on propylene.
This month, the domestic price of n-butanol declined steadily, with a monthly decline of 20.12%, which had a certain negative impact on propylene.
This month, octanol market also declined steadily, with a monthly decline of 17.97%, which had a significant negative impact on propylene.
| Thiourea |
Affected by the epidemic situation, the price of isopropanol, as one of the raw materials of foreign disinfectants, suddenly rose sharply in the middle of this month, with a monthly increase of 55.64%, and a half month increase (since March 15) of 69.85%, which has a great positive impact on propylene.
The price of phenol Market in Shandong Province also declined steadily this month, with a monthly decline of 20.83%, which had a certain negative impact on propylene.
The acetone market in Shandong Province fell steadily in the first half of the month, rose slightly in the second half of the month, and sharply fell at the end of the month, with a monthly decline of 20.77%, which also had a negative impact on propylene.
3、 Future forecast
According to the propylene analyst of the chemical branch of the business society, the crude oil market has repeatedly been low due to the impact of the international crude oil market game recently. As the production and inventory of propylene are low before, the decline in the early stage is not significant, and the trend of follow-up in the later stage is also obvious. At the beginning of April, there may be more propylene enterprises to start production and increase production. And the downstream butanol and octanol market is obviously down, although isopropanol is still rising, PP futures also have a callback, but it is still hard to support, it is expected that the propylene price will continue to explore the trend in the near future.
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