1、 Price trend

According to the bulk list data of business society, the domestic propylene (Shandong) market price continued to decline this week. At the beginning of the week, the market price was 7897 yuan / ton, and the weekend average price was 7600 yuan / ton, down 3.75%.

2、 Analysis and review

According to the price chart of business society, propylene (Shandong) prices continued to decline this week. As of Friday, propylene prices in Shandong market were 7600-7700 yuan / ton, and there was little difference in enterprise offers. Enterprises mainly complete the orders of old customers, lack of new orders, lack of downstream gas, and just need. The price of upstream raw materials has declined as a whole. Under the constraints of cost and demand, the price of enterprises has been continuously reduced in order to ship goods smoothly.

Upstream: as of the closing on November 18, WTI rose 0.65 to $79.01/barrel in December, or 0.8%, and Brent rose 0.96 to $81.24/barrel in January, or 1.2%. Sc2201 fell 11.7 yuan / barrel to 500.1 yuan / barrel. The raw material market rose and fell this week, dominated by the decline. The crude oil price fell by 2.96%, propane fell by 0.33%, liquefied gas rose by 1.69%, and methanol fell by 9.59% due to the weakening of raw materials and poor demand.

Downstream: downstream products still fell mainly, including propylene oxide, epichlorohydrin and other products, which decreased significantly due to the reduction of raw material prices and insufficient demand support. The main downstream polypropylene maintained a decline, with a weekly decline of 2.11%. The overall weakness of downstream products is difficult to improve in the near future.

3、 Future forecast

Propylene analysts of the chemical branch of business agency believe that the overall market of propylene market is dominated by bad conditions. In the future, with the impact of enterprises eager to buy goods and low-cost sources, propylene prices are expected to continue to fluctuate and fall.