1、 Price trend
According to the data of the business club’s bulk list, the domestic propylene (Shandong) market price experienced three rounds of ups and downs this month, which was 6866 yuan / ton at the beginning of the month; 6825 yuan / ton at the end of the month, with a monthly decline of 0.60%; the monthly high price appeared from July 9 to 11, with a monthly low price of RMB 6636 / T on July 4 and 5, with a monthly amplitude of 3.86%.
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. Since the beginning of July, the price has been continuously reduced by 200-250 yuan / ton. From June 6 to 9, the price dropped by about 250 yuan / ton. From the 12th to the 16th, the price dropped by 150-200 yuan / ton. On the 18th, the second round of rise was started, with a total increase of 150-200 yuan / ton. On the 25th weekend, the third round of decline was started, with a total reduction of 150-200 yuan / ton. On the 29th, the price rebounded comprehensively, opening the third round of upward market of this month The average daily increase is about 50 yuan / ton, up to now 150 yuan / ton. The market transaction is between 6770 and 7000 yuan / ton, and the mainstream price is about 6800 yuan / ton. At present, the propylene manufacturers have smooth shipment and no inventory pressure.
On the upstream side, most crude oil prices have risen in recent years, but there have been occasional downturns. On July 30, crude oil prices fell significantly, or slightly negative impact on propylene market.
PP market rose in the first half of this month and then declined. In the second half of this month, PP market remained stable, with a monthly decline of 0.21% and a monthly amplitude of 3.31%. At the end of the month, polypropylene futures market rose slightly, but to a lesser extent.
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This month, the price of acrylic acid went down step by step and stabilized, with a monthly decline of 8.01% and a monthly amplitude of 8.80%, which had a negative impact on propylene.
Propylene oxide market remained stable in the first half of this month, and continued to rise in the second half of this month, with a monthly increase of 12.04% and a monthly amplitude of 14.33%, which had a significant positive impact on propylene.
Epichlorohydrin rose slightly in the first ten days of this month, and then decreased sharply. In the middle and last ten days, it stabilized, with a monthly decrease of 7.99% and a monthly amplitude of 10.28%, which had a negative impact on propylene.
This month, the domestic price of isopropanol has been declining steadily, with a monthly decline of 18.75%, which has a significant negative impact on propylene.
The domestic n-butanol price remained stable in the first ten days of this month, dropped sharply in the middle of the month, and then fell again after rising in the last ten days, with a monthly decline of 8.33%, which slightly suppressed the propylene market.
This month, the market of octanol is similar to that of n-butanol, and it is also stable in the first ten days. It has a sharp decline in the middle of the month, and then declines again after rising in the last ten days, with a monthly decline of 4.88% and a monthly amplitude of 6.65%, which also has a negative impact on propylene.
This month, the phenol Market in East China was generally stable after a downward shock, and rose slightly at the end of the month, with a monthly decline of 19.93% and a monthly amplitude of 23.37%, which had a significant negative impact on propylene.
The acetone market in East China continued its downward trend since the second half of June, with a volatile decline all the way, with a monthly decline of 36.54%, which had a significant negative impact on propylene.
3、 Future forecast
The propylene analysts of the chemical branch of the business society think: Generally speaking, the current propylene manufacturers have no inventory pressure, and the shipment is smooth. Although the crude oil price has declined slightly, the overall downstream market is relatively ideal in the near future. The market price of propylene has been rising continuously. Although it has not reached the upper limit, the purchasing enthusiasm has been slightly reduced. It is mainly on demand and the market atmosphere is general. Therefore, it is expected that the propylene price will rise slightly again and stabilize in the near future.
| Thiourea |