1、 Price trend
According to the data of the business club’s block list, the domestic propylene (Shandong) market price remained stable this week, with no weekly rise or fall or weekly amplitude at 7068 yuan / ton.
2、 Analysis and comment
According to the price chart of the business club, the price of propylene declined all the way at the end of January. After a slight rebound at the end of the month, it began to be stable. Today, the price of individual enterprises rose, but the overall price was stable. The market transaction was between 7000-7350 yuan / ton, and the mainstream price was about 7000 yuan / ton. At present, the inventory pressure of manufacturers is too high, and the shipment situation is a little cold.
Crude oil prices rose slightly on February 4, with limited impact on propylene.
This week, the spot price of PP was stable after a small rise, with a weekly increase of 0.40%. The PP futures market was slightly cold, with a slight negative impact on propylene.
Acrylic acid market rose in the second half of this week, with a weekly increase of 1.41%, which had a small positive impact on propylene.
This week, the market of propylene oxide rebounded after going down, with a weekly decline of 0.40% and a weekly amplitude of 1.19%, which had little impact on propylene.
Epichlorohydrin has been stable this week and has no effect on propylene.
This week, the domestic n-butanol price continued to rise, with a weekly increase of 3.13%, which had a certain positive impact on propylene.
This week, the market of isooctanol was obviously up, with a weekly increase of 5.65%, which had a certain pulling effect on propylene.
Isopropanol market plummeted this week, with a weekly decline of 4.23%, which has a certain suppression effect on propylene.
This week, phenol in East China remained stable, with no rise or fall and no impact on propylene.
This week, acetone in East China fell slightly and then stabilized, with a weekly decline of 1.23%, which was slightly negative for propylene.
3、 Future forecast
The propylene analyst of business society chemical branch thinks: Generally speaking, there is a certain pressure on the current inventory, the rise of crude oil price is slowing down, the downstream market is mainly on the lookout, the purchase intention before the festival is general, and the positive is slightly more than the negative. Therefore, it is expected that the future market of propylene will be mainly stable and volatile in the near future, not excluding the possibility of a small upward trend.
| Thiourea |