According to the commodity market analysis system of Business Society, the domestic propylene (Shandong) market rose first and then fell in October. At the beginning of November, the market was average at 7050 yuan/ton. On November 28th, the average price was 7083 yuan/ton, with a monthly increase of 0.46%, a decrease of 1.75% compared to the same period last year.

As of November 28th, the mainstream prices of propylene in different regions in China are as follows:

Region/ November 28th

Shandong region/ 7000-7050 yuan/ton

Northeast region/ 6700-6750 yuan/ton

East China region/ 7000-7050 yuan/ton

After experiencing a wave of gains in November, the domestic propylene market entered a downward pattern. At the beginning of the month, the downstream polypropylene market improved, and the price difference between propylene and it widened, driving the downstream to actively enter the market. At the same time, some upstream devices were shut down, resulting in a decrease in supply, and the propylene market was actively pushing up. Subsequently, the price of propylene rose to a high level, and downstream profit margins decreased, leading to a boycott mentality and a strong wait-and-see atmosphere. In order to stimulate sales in the upstream, price reduction and inventory reduction were the main measures.

Cost side: In November, upstream propylene products mainly increased, with significant cost support. Downstream products fluctuate, and the main downstream polypropylene remains weak, with average purchasing power, which hinders the propylene market.

The propylene analyst from the Chemical Branch of Business Society believes that overall, the current supply and demand of the propylene market are stable, and it is expected that the market will operate steadily in the short term.