Price trend
On the 23rd, Shandong propylene market was consolidated. The mainstream price of propylene in Shandong market was 8000-8200 yuan / ton, and the price of raw materials stopped falling and rebounded. Under the support of cost, the propylene market stopped falling and stabilized. The profit of propylene industry declined. At the same time, affected by the epidemic, the transportation was not smooth, the downstream operation was limited, and the demand was not driven enough.
Forecast: weak support on the demand side and uncertainty on the cost side lead to a strong wait-and-see atmosphere in the downstream. It is expected that the propylene market will be weak and volatile in the near future.
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