1、 Price trend
According to the data of business club’s block list, the domestic propylene (Shandong) market continued to rise slightly in early April. At the beginning of ten days, the price was 7944 yuan / ton, and at the end of ten days (April 9), the price was 8228 yuan / ton, with an increase of 3.57%.
2、 Analysis and comment
According to the price chart of the business association, the price of propylene decreased sharply in the second half of March and rose at the end of the month. At the beginning of April, the market price rose slowly, with an average daily increase of about 50 yuan / ton. From the beginning of June, the price rose steadily. Today, most of the prices rose by 50 yuan / ton. Now, the market transaction is between 8200 and 8400 yuan / ton, and the mainstream price is about 8200 yuan / ton. U.S. propylene on April 1, down on the domestic market may have a certain impact. Propylene prices in Asia have declined slightly in recent days, which will also have a certain impact on the propylene market. Propylene market is now no pressure inventory, part of the device is still in repair.
Recently, the international crude oil market has witnessed constant events, and the price fluctuated. On April 8, the crude oil price rose slightly, which had little impact on the propylene market.
The price of PP remained stable in this ten day period, and declined after rising at the end of the ten day period. The ten day increase was 0.19%, and the ten day amplitude was 0.56%. The futures market was cold and had limited impact on propylene.
Acrylic acid prices fell sharply in this ten day period, with a drop of 8.31% in this ten day period, which had a significant negative impact on propylene.
The market of propylene oxide rebounded after a decline in this ten day period, with a decline of 1.09% in ten day period and an amplitude of 2.55% in ten day period, which has a small suppressing effect on propylene.
The market of epichlorohydrin fell down and became stable after rising in this ten day period, with a ten day increase of 1.32% and a ten day amplitude of 3.16%, which had little impact on propylene.
The domestic n-butanol price fluctuated downward in this ten day period, with a ten day decrease of 3.64% and a ten day amplitude of 4.55%, which had a certain suppressive effect on the propylene market.
The price of isooctanol rose after a decline in this ten day period, with a decline of 0.27% in ten day period and a range of 3.46% in ten day period. The impact on propylene was limited.
Isopropanol prices declined slightly in this ten day period, with a 10 day decrease of 1.86%, which had a small negative impact on propylene.
The price of phenol in East China rose slightly in this ten day period, with a ten day increase of 1.64%, which had a slight positive effect on propylene.
In East China acetone market, the quotation of manufacturers declined in this ten day period, with a decline of 4.45% in this ten day period, which has a negative impact on propylene.
3、 Future forecast
The propylene analyst of business society chemical branch thinks: Overall, the international production has recovered slightly, the domestic inventory is not much, some units are overhauled, the crude oil market has risen slightly, and the downstream operating rate is acceptable, but the market is mainly stable, with a slight negative trend. The polypropylene market is general, and the acrylic acid market has declined more, but the crude oil still plays a strong role. It is expected that the market will continue to follow the crude oil market in the future The situation fluctuates, and it is possible to continue to rise slightly.
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