Price Trend

According to the data of business associations, the market price of propylene (Shandong) in China has stabilized after rising recently. At the beginning of the week, the average price of propylene (Shandong) was 7,608 yuan/ton, while from Wednesday to Friday, the average price of propylene (Shandong) was stable at the high price of 7,741 yuan/ton, with a weekly increase of 1.75%.

II. Analytical Review

Products: The price of propylene enterprises in Shandong Province maintained stable in early August, declined continuously from 5 days to 8 days, declined 450-500 yuan/ton, recovered from double weekend, increased by 200 yuan/ton on 14 days, and stabilized on 15 days. At present, the market turnover is about 7650-7800 yuan/ton, and the mainstream price is about 7700 yuan/ton. The Shandong market was affected by typhoon this week. In the middle of the week, some upstream and downstream enterprises cut production and stopped reporting. Now most of them have returned to normal, but the refinery offer is still weak.

Industry chain: Upstream, affected by the international situation, the international crude oil market fluctuated sharply this week, rising and falling significantly, Wednesday prices fell sharply, and continued to fall slightly on Thursday, or had a negative impact on propylene. On the downstream side, there is a strong wait-and-see mood and a decline in buying enthusiasm. This week, polypropylene futures prices were stable, spot prices rose slightly, plant load increased slightly, and there was no significant negative impact on propylene; acrylic acid prices increased, the market was optimistic, and propylene propylene propylene propylene had certain support; while propylene oxide plant plant decreased negative, prices continued to rise, the weekly increase reached 3.23%, propylene has a part. The market of epichlorohydrin declined by more than 10% at the beginning of the week, the price of mainstream manufacturers declined, the market atmosphere was strong, the trading atmosphere was weak, the real order was limited, the low-end offer increased significantly under the pressure of shipment, which caused certain pressure on the propylene market; while the market of n-butanol increased slightly last weekend, and the isooctanol weekend. Small downward trend has little effect on propylene market.

3. Future Market Forecast

Propylene analysts from the Business Society Chemical Branch believe that: in general, the recent international crude oil market is unstable and has changed a lot. In the weekend downturn, the PP spot market is relatively stable, and the downstream market has risen and fallen. Among them, the price of epichlorohydrin has fallen sharply. This week, affected by typhoon, both upstream and downstream production has been cut off, although it is now large. Most of them have recovered, but the overall market is relatively cold. Propylene prices are expected to remain weak and stable in the near future.