1、 Price trend
The domestic propylene (Shandong) market held steady at the beginning of the week and fell at the end of the week, according to the data of the business club’s block list. At the beginning of the week, the weekly high price was 8544 yuan / ton, while at the end of the week, the weekly low price was 8373 yuan / ton, with a weekly decrease of 2.00%.
2、 Analysis and comment
According to the price chart of the business society, affected by the upstream and downstream, the propylene price rose again and again in the second half of February, which was at a high level for many years. It remained stable at the end of the month and the beginning of the month. The price fell on the 4th. Today, the price continued to decline significantly, dropping by 100-200 yuan / ton. At present, the market transaction is between 8200-8600 yuan / ton, and the mainstream price is 8200-8300 yuan / ton. The impact of low temperature still exists in the United States and the capacity recovery is general; the impact of propylene in Japan is reduced and the capacity recovery is slight.
It is reported that OPEC + may extend the production reduction, and the crude oil price rose sharply on March 4, which has certain support for the cost of propylene.
This week, the price of PP rose steadily after the decline, with a weekly decline of 0.35% and a weekly amplitude of 1.06%. The futures market is general, with limited impact on C.
The price of acrylic acid continued to rise this week, with a weekly increase of 3.85%, which had a certain positive impact on propylene.
Propylene oxide market rose slightly in the second half of this week, with a weekly increase of 0.71%, which had little impact on propylene.
Epichlorohydrin market rose significantly at the beginning of this week and then stabilized, with a weekly increase of 3.54%, which has a certain pulling effect on propylene.
This week, the domestic n-butanol price plummeted, with a weekly decline of 5.29%, which significantly suppressed the propylene market.
Octanol trend this week fell at the end of the week, with a weekly decline of 3.52% and a weekly amplitude of 3.92%, which had a negative impact on propylene to a certain extent.
Isopropanol prices had a slight downward trend this week, with a weekly decline of 0.69%, which had a slight negative impact on propylene.
The phenol Market in East China was stable after rising this week, with a weekly increase of 1.16%, which had a slightly positive impact on propylene.
The acetone market in East China was stable this week, with little impact on propylene.
3、 Future forecast
The propylene analyst of Shangshe chemical branch thinks: on the whole, the international production has recovered slightly, the domestic inventory is not much, the crude oil price has gone up sharply, the downstream operating rate is acceptable, and the effect of pulling up is not obvious, and the propylene has reached a high level recently, so it is expected that the propylene market will stop falling and pick up in the future.
| Thiourea |