1、 Price trend

According to the data monitoring of business agency, the domestic propylene (Shandong) market price fell narrowly this week. The average price in Shandong market was 7174 yuan / ton at the beginning of the week and 7030 yuan / ton at the weekend, with a weekly increase of 2.01% and a decrease of 4.9% compared with the previous 30 days.

2、 Analysis and comment

According to the monitoring of business agency, as of the end of this week, the mainstream price of propylene (Shandong) market was 7000-7050 yuan / ton, and some low-end prices fell below 7000 yuan / ton. The market demand is not as expected, the pressure of propylene enterprises to take goods is not reduced, the situation of market supply exceeding demand is difficult to change, and the downstream just needs to purchase, and most of them are small. On the supply side, the maintenance equipment of many parties has been resumed one after another, the contradiction between supply and demand has intensified, the downstream demand has followed slowly, and the propylene market continues to be weak.

Upstream: the overall raw material market rose slightly this week, but its support for propylene was general. Currently, the propylene market is mainly dominated by supply and demand.

Downstream: most of the downstream derivatives are not optimistic. The overall demand for propylene is limited, and the shipping pressure of propylene production enterprises is not reduced. The main downstream polypropylene futures continue to decline, the spot digestion is poor, and the operating load of some units may be reduced.

3、 Future forecast

The propylene analyst of business social chemical branch believes that under the situation of limited demand and increased supply in the future, the propylene price is expected to fall further.