1、 Price trend
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According to the data monitoring of business agency, the domestic propylene (Shandong) market price fell steadily this week. At the beginning of the week, the market price was 7617 yuan / ton, and the weekend average price was 7467 yuan / ton, down 1.97%.
2、 Analysis and review
According to the price chart of the business agency, the price of propylene (Shandong) continued to decline this week. As of Friday, the price of propylene in Shandong market was 7450-7500 yuan / ton, about 70-80% of the overall market started, the supply was sufficient, the demand side was weak, the focus of negotiation shifted downward, the cost side support weakened, the delivery of goods by enterprises was not smooth, and the price was under pressure.
Upstream: propylene upstream fell more or rose less this week. Crude oil was shrouded in bad news and the price fluctuated lower under the influence of the new crown variant virus aggravating the U.S. economic risk and inflation uncertainty. Propane market has sufficient supply, insufficient demand support and falling price trend. Supported by the cost of methanol, the price has increased. The price of liquefied gas is stable and small, and the price changes little. On the whole, it mainly affects the decline in the price of raw crude oil and the loosening of propylene cost.
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Downstream: isopropanol, a downstream product, rose slightly, while other products stabilized temporarily or fell further. The demand side is weak, and it is difficult to boost the propylene market demand.
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.
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