1、 Price trend
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According to the data monitoring of business agency, the domestic propylene (Shandong) market price rose first and then fell this week. At the beginning of the week, the market was 7528 yuan / ton, and the weekend average price was 7505 yuan / ton, down 0.31%.
2、 Analysis and review
According to the price chart of business society, propylene (Shandong) prices rose slightly at the beginning of the week, but the rise was weak, and the price began to fall again. As of Friday, the propylene price in Shandong market was 7500-7550 yuan / ton. This week, it was repaired after the sharp drop in upstream oil prices, providing support for the rise of propylene. However, the main downstream polypropylene market continued to fluctuate and weaken. When the supply of propylene market was sufficient and the downstream demand support was insufficient, the contradiction between supply and demand still existed, resulting in the downward main tone of the market as a whole.
Upstream: after the sharp drop of crude oil, it will be repaired soon. Although the price rose this week, it is still below the price before the sharp drop. Due to limited terminal demand, the price of methanol continues to decline weakly, and the price of liquefied gas has been boosted by the sharp rise in crude oil, with small rise and fall this week. On the whole, raw material support is limited, and propylene is weak and difficult to change.
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Downstream: downstream products continue to decline. It can be seen that downstream products continue to be weak, the construction is generally started, the enthusiasm for propylene procurement is not high, and the price is difficult to push up under the guidance of the buyer.
3、 Future forecast
Propylene analysts of the chemical branch of the business agency believe that the overall market of propylene market is dominated by bad conditions. In the future, with the eagerness of enterprises to take goods and the impact of low-cost sources, it is expected that the price of propylene will continue to fluctuate and decline.
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