1、 Price trend
According to the data of the business club’s block list, the domestic propylene (Shandong) market stopped falling and rising this week, with the price of 7781 yuan / ton at the beginning of the week and 8034 yuan / ton at the end of the week, up 3.26%; June 1 is the weekly low price, 7714 yuan / ton, the weekly price is 4.15%.
2、 Analysis and comment
According to the price chart of business news agency, Shandong propylene price stopped falling and rising this week. In early June, the price continued to decline. After a sharp rise of 150-250 yuan / ton on the 3rd, it continued to rise slightly on the 4th, with a range of 50 yuan / ton. Now the market turnover has risen to 7850-8250 yuan / ton, and the mainstream price is about 8050 yuan / ton. On June 3, propylene prices in the United States and Asia were stable, with no significant impact on the propylene market. Propylene market inventory is not much, part of the unit maintenance has started, began to quote.
Recently, the international crude oil market events continue, and the price rise rate reached 11%, which played a certain cost support for the propylene price rise this week.
PP price is stable this week, futures market is general, less impact on propylene.
Acrylic acid prices fell by 5.85 this week, which had a negative impact on propylene.
This week, the market of propylene oxide showed a ladder like decline, with a weekly decline of 6.07%, which had a negative impact on propylene.
Epichlorohydrin market fell slightly this week, with a weekly decline of 5.76%, which had a negative impact on propylene.
This week, the domestic n-butanol price showed a double peak trend, with no weekly rise or fall, and the weekly amplitude was 0.45%, which had limited impact on the propylene market.
This week, the price of isooctanol rose by 3.33%, and the impact on propylene was limited.
Isopropanol prices continued to fall sharply this week, with a weekly drop of 12.24%, which had a negative impact on propylene.
This week, the phenol Market Price in East China went down, with a weekly decline of 4.27%, which had a small inhibitory effect on propylene.
This week, the quotation of acetone manufacturers in East China market continued to decline, with a weekly decline of 17.09%, which also had a greater effect on propylene suppression.
This week, the market price of acrylonitrile continued to rise, with a weekly increase of 3.8%, which had little impact on propylene.
3、 Future forecast
Propylene analysts from the chemical branch of business society think: in general, the domestic inventory is still small, some maintenance devices are back to work, enterprises begin to quote, crude oil market is up, some downstream is down obviously, long short game, propylene is expected to rise or shock.