1. Price trend

 

According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price rose slightly this week, with the weekly low price of 6956 yuan / ton at the beginning of the week, and the weekly high price of 6978 yuan / ton at the weekend, with a weekly increase of only 0.33%.

 

2、 Analysis and comment

 

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According to the price chart of business agency, the recent price of propylene fluctuates periodically, and the price range of recent fluctuation has broken through. At the beginning of August, the price was at the high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down. On the 5th, it has been stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month will be started. On the 11th, the prices of some enterprises will be generally stable. On the 14th, the prices of some enterprises will continue to decline. On the 17th, the prices will be stable, and on the 18th, they will rise partially Today’s price is flat again. The market transaction is still between 6950 yuan / ton and 7250 yuan / ton, and the mainstream price is about 6950 yuan / ton. Propylene manufacturers to ship smoothly, inventory pressure is small.

 

On August 20, crude oil prices declined slightly, which had limited impact on propylene market.

 

Recently, PP futures market is optimistic, spot prices continued to rise slightly, with a weekly increase of 0.84%, which may have a good impact on propylene.

 

This week, acrylic acid Market Volatility rose, the weekly rise of 0.93%, on the propylene small pull up effect.

 

Propylene oxide market rose slightly this week, with a weekly increase of 1.80%, which has a positive impact on propylene.

 

This week, epichlorohydrin price rose over the weekend, with a weekly increase of 1.30%, which had a slight positive impact on propylene.

 

The domestic price of n-butanol declined slightly this week, with a weekly decline of 0.29%, which had a slightly negative impact on propylene.

 

Octanol market rebounded after the decline this week, with a weekly decline of 0.71% and a weekly amplitude of 1.42%, which had a small negative impact on propylene.

 

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Isopropanol market rose significantly in the second half of this week, and the weekly increase reached 6.02%, which had a significant positive impact on propylene.

 

East China phenol rose slightly this week, with a weekly increase of 0.45%, which had a slight positive impact on propylene.

 

East China acetone rose significantly this week, with a weekly increase of 7.56%, which had a greater effect on propylene.

 

3、 Future forecast

 

According to the propylene analyst of the chemical branch of the business society, there is no pressure on the inventory of the propylene manufacturers, the crude oil price has dropped slightly, and most of the profit space in the downstream has picked up, and the overall market purchasing enthusiasm is good. At present, the market situation of propylene is fair, but the price is already at a high level, so it is expected that the price of propylene will be mainly flat.

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