1、 Price trend
| Polyglutamic acid Pharmaceutical(medicine) grade |
According to the data of the business club’s bulk list, the domestic propylene (Shandong) market price rose to break through the original range, and then fluctuated and stabilized, with 6848 yuan / ton at the beginning of the month, 6940 yuan / ton at the end of the month, with a monthly increase of 1.34%; the monthly low price appeared on August 4, with a monthly price of 6826 yuan / ton, and the monthly high price appeared from August 10 to 13, with a monthly amplitude of 3.08%.
2、 Analysis and comment
According to the price chart of the business agency, the recent price of propylene fluctuated up and down periodically, and the fluctuation price range broke through at the beginning of the month. At the beginning of August, the price was at a high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down, but it has remained stable since the end of the week. On the 5th, the prices of some enterprises have been slightly stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month has been started. From the 11th to the 16th, the price has continued to decline, and on the 17th, it has been stable for more than 10 days Most manufacturers still keep their prices stable. On the 29th, the prices dropped by about 50 yuan / ton, and then continued to stabilize. At present, the market turnover is between 6880 yuan / ton and 7250 yuan / ton, and the mainstream price is about 6900 yuan / ton. Propylene manufacturers to ship smoothly, inventory without pressure.
On the upstream side, the recent crude oil prices fluctuated slightly, the market is general. On August 28, crude oil prices fell slightly, with limited impact on propylene market.
PP market rose in this month after shocks and stabilized, with a monthly increase of 2.78%. The recent rise in polypropylene futures market, a slight positive impact on propylene.
The price of acrylic acid in the first half of this month was flat in the first half of this month, and increased in the second half of the month. At the end of the month, the price of acrylic acid rose significantly, with a monthly increase of 5.65%.
Propylene oxide in this month was also a stable trend after rising, with a monthly increase of 21.79%, which had a significant positive impact on propylene.
Epichlorohydrin fluctuated and stabilized in the first ten days of this month, increased significantly in the middle and last ten days, and then stabilized, with a monthly increase of 7.99% and a monthly amplitude of 10.49%.
The domestic price of isopropanol rose slightly after the decline in this month, with a monthly decline of 15.12% and a monthly amplitude of 23.61%. Due to the obvious recovery in the later period, the negative impact on propylene was limited.
| Poly glutamic acid |
In this month, the domestic n-butanol price also showed an upward trend, with a monthly increase of 3.64% and a monthly amplitude of 4.24%, which had little impact on the propylene market.
Octanol market this month repeated shocks and declines, a monthly decline of 3.26%, has little impact on propylene.
The phenol Market in East China went down at the beginning of this month and then stabilized, with a monthly decline of 5.15% and a monthly amplitude of 5.58%, which had a negative impact on propylene.
The acetone market in East China fluctuated and fell in the first ten days, and rose steadily in the middle and last ten days, with a monthly increase of 4.60% and a monthly amplitude of 15.74%.
3、 Future forecast
The propylene analysts of the chemical branch of the business society think: Generally speaking, there is no pressure on the inventory of the current propylene manufacturers, the crude oil price fluctuates slightly, the downstream polypropylene futures market continues to rise, the overall profit margin is good, and there are many favorable factors, but just need procurement is the main factor, the overall market trading is stable, and it is expected that the propylene price may rise.
| Polyglutamic acid |