1. Trade name: silicon metal (441#)

2. Latest price (March 24, 2020): 11975 yuan / ton

The price of 441 × silicon in each region is as follows:

The price range of metal silicon in Fujian is 11500-11700 yuan / ton, in Sichuan is 11700-11900 yuan / ton, in Kunming is 11700-11800 yuan / ton, in Shanghai is 12400-12600 yuan / ton, in Tianjin port is 12100-12300 yuan / ton, in Huangpu port is 11900-12100 yuan / ton 。

3. Analysis points:

Domestically, the supply side is still low, the production of silicon plants in Xinjiang is reduced, and the operation rate in Yunnan and Sichuan is not high. It is reported that the current social inventory decreased nearly 30% year on year.

Due to the poor expectation of the industrial chain terminal and the reduction effect of the market expectation, the domestic downstream organosilicon monomer and aluminum alloy industry chain transmission cast a pessimistic expectation on the consumption of silicon metal. Although the supply and demand in the domestic market are both falling, the price is dominated by panic sentiment and the traders’ willingness to store goods is reduced.

On the foreign side, the spread of foreign epidemic will affect more downstream enterprises and reduce foreign demand.

4. Future forecast: it is expected that the short-term operation of silicon metal will be weak.

According to the monitoring of the business association, the price of phthalic anhydride in China continued to decline. As of March 24, the price of phthalic anhydride from o-benzoic method was 4800 yuan / ton, down 15.79% from the beginning of the month, down 31.10% year on year, a new low in recent 10 years.

Since 2020, the price of domestic phthalic anhydride market has been falling continuously. The biggest negative factor is the sharp drop of crude oil price, which leads to a sharp drop in the price of downstream petrochemical products. The market price of phthalic anhydride upstream raw material phthalic acid is no exception. Since March, the price of phthalic acid has dropped 25.86%, and the phthalic anhydride market continues to decline under the influence of the sharp drop in raw material price. In addition, the operation of domestic phthalic anhydride manufacturers is normal, the operating rate of phthalic anhydride in the site is more than 60%, the domestic phthalic anhydride spot supply is sufficient, the sales peak season of the downstream plasticizer industry is over, the procurement is not active, the phthalic anhydride manufacturers are generally on the market, and the market price of phthalic anhydride is falling constantly. As of the 24th, the market price of phthalic anhydride and phthalic anhydride in East China fell sharply, the downstream factories returned to work slowly, the factory inventory pressure increased, the high-end transaction was blocked, the main flow of the negotiation of the neighboring method’s source of goods in East China was 4600-4900 yuan / ton, the main flow of the negotiation of the naphthalene method’s source of goods in East China was 4300-4600 yuan / ton; the main flow of the quotation of the phthalic anhydride market in North China was 4600-5000 yuan / ton, and the wait-and-see mentality in phthalic anhydride yard was strong, coupled with the increase of the Do not buy the mentality of the impact of market trading market weakness, phthalic anhydride prices continued to fall.

In terms of the industrial chain, the market of phthalic anhydride upstream raw material o-benzene and downstream DOP has declined to varying degrees. The price trend of o-benzene and DOP monitored by the business agency is as follows:

From the above trend chart, it can be seen that the price of o-benzene and DOP has declined significantly. The price of o-benzene has declined by 25.86% since March, and the market price of downstream DOP has declined by 14.75% since March. Both the price of o-benzene and DOP have reached a new low in recent 10 years. By the end of 24 days, the execution price of domestic phthalic Sinopec had dropped to 4300 yuan / ton, and the import price of phthalic acid in port area had dropped sharply, with few transactions in the market and sharp decline in the price of phthalic acid, which undoubtedly became the biggest negative factor in phthalic anhydride market. The downstream DOP market price fell rapidly, DOP enterprises operated at low load, and the logistics and transportation gradually recovered in the near future. However, DOP manufacturers’ inventory was high, and the DOP market price fell sharply to 6000-6500 yuan / ton level. There was no good support in the upstream and downstream, and the market price of phthalic anhydride fell continuously.

On the whole, the international public health events have seriously affected the price of crude oil. The short-term benefits of crude oil are insufficient, and the price is obviously difficult to rise. The price of domestic petrochemical products is lower due to this impact. Business analysts believe that in the short term, the price of o-benzene is difficult to stop falling, and it is expected that the market price of phthalic anhydride will still slide in the short term.

On March 23, the PX commodity index was 44.00, which was the same as yesterday, setting a new low in the cycle, 57.03% lower than the highest point of 102.40 on February 28, 2013. (Note: cycle refers to 2013-02-01 to now).

According to statistics, the domestic market price trend of p-xylene is declining, the operation of new 600000 ton plant in Hongrun is stable, the operation of petrochemical plant in Pengzhou is stable, 50% of petrochemical plant in Urumqi is started, one line of aromatics plant in Fuhai Chuang is started, CNOOC Huizhou refining and chemical plant is overhauled, the PX plant in Hengli Petrochemical is put into operation, the operation of other units is stable temporarily, and the operation rate of domestic p-xylene plant is stable In about 70%, the domestic market supply of p-xylene is normal, but the domestic market price of p-xylene has declined significantly due to the lower crude oil price. The operating rate of PX plant in Asia is about 80%. On March 23, the closing price of PX market in Asia fell by 36 US dollars / ton, and the closing price was 476-478 US dollars / ton FOB South Korea and 496-498 US dollars / ton CFR China. More than 40% of PX in China needs to be imported. Since March, the external price of PX has dropped by 200 US dollars / ton. The sharp decline of external price has a certain impact on the domestic market price of PX As a result, the market price of p-xylene fell sharply.

As of the 23rd, the main price contract of WTI crude oil futures market in the United States was 23.36 yuan / barrel, and the main price contract of Brent crude oil futures market was 29.29 US dollars / barrel. Due to the failure of the production reduction agreement between OPEC and Texas, and the forced delay of the US rescue plan, the oil price fell to the lowest level since 2003. Starting in April, the world’s oil supply will have the largest oversupply in a single quarter in history, resulting in a supply imbalance of about 10 million barrels per day. An exclusive analysis by resta energy shows that the global storage infrastructure is in trouble and will not be able to receive more crude oil and products in just a few months. Upstream crude oil prices plummeted, while domestic p-xylene prices fell sharply.

In terms of downstream PTA, the spot market price of domestic PTA continued to fall, with the market average price at 3385.56 yuan / ton as of March 24, down 20.26% from the beginning of the month, reaching a new low in nearly 10 years. In addition, the downstream polyester gradually recovered, but the PTA inventory removal speed was slow. Only from January to February, the PTA social inventory accumulated more than 1.5 million tons, and the overall social inventory reached more than 3 million tons, which is a historical high in the past five years. The contradiction between market supply and demand is still prominent. International oil prices fell, dragging down the cost of chemicals and market mentality. Some downstream polyester units were restarted, and the comprehensive load was increased to 82.43%. With the introduction of resumption policies and government support policies, polyester construction began to rise slowly in March. However, in terms of price, the price of mainstream polyester filament factories in Jiangsu and Zhejiang fell sharply due to the cost drag, while the lower price in the downstream impacted the PX market, and the domestic price of p-xylene fell.

In the near future, the crude oil price is still at a low level, the downstream PTA market price is significantly lower, and the downstream demand of the terminal is not significantly improved. Business analysts believe that PX market price may maintain a downward trend.

According to RIGZONE on March 23, oil prices fell to their lowest level since 2003 as OPEC and Texas failed to reach a production reduction agreement and the US rescue plan was delayed.

London crude oil futures fell about 4% to around $26 a barrel, while West Texas Intermediate crude oil futures rose in April after Friday’s expiration. Ryan Sitton, Commissioner of the Texas Railroad Commission, was rarely invited to OPEC’s June meeting on Friday, but only hours later his call to limit production was rejected by regulators and drillers, and hopes for an agreement began to crumble.

Kremlin analysts say brinkmanship is under way amid a rapidly fading outlook for oil demand. Some traders believe that crude oil demand plummeted as much as 10 to 20 million barrels a day.

Stephen Innes, chief Asia market strategist at axicorp Ltd., said oil prices could soon fall to $10-15 a barrel if OPEC and Texas fail to reach an agreement on production cuts. Any trader with the ability to store oil may be waiting for a futures premium.

Brent crude oil for May delivery on the London Intercontinental Exchange fell 3.9% to $25.93 a barrel at 7.37. It had previously fallen to $24.68 per barrel. That’s below Wednesday’s closing price of $24.88 a barrel, the lowest since May 12, 2003.

West Texas Intermediate crude for May delivery on the New York Mercantile Exchange rose 1 percent to $22.66 a barrel after falling to a low of $20.80 a barrel. Last week, contracts plunged 29% in April, the biggest decline since 1991.

The unprecedented impact of supply and demand is reflected in a series of oil market indicators. Brent crude oil’s six-month futures premium is more than $8 / barrel, the largest premium since 2009, and the market structure shows oversupply. A measure of WTI volatility surged 24% on Friday to more than 200 index points, the highest level ever. Meanwhile, hedge funds’ bets on the US benchmark index fell 26% in the week to March 17, though this could be a short covering before the next speculative shock.

Even if crude oil demand returns to normal levels in the middle of this year, 2020 will still see the biggest decline in consumption since reliable records began in the mid-1960s. So far, the biggest annual production reduction has been recorded in 1980, when the global economy was severely affected by the second oil crisis, with a daily production reduction of 2.6 million barrels.

On March 23, the fluorite commodity index was 119.30, unchanged from yesterday, down 6.42% from 127.49 (2019-01-03), the highest point in the cycle, and up 142.43% from 49.21, the lowest point on December 18, 2016. (Note: cycle refers to 2011-09-01 to now)

According to statistics, the price trend of domestic fluorite is temporarily stable. As of 23 days, the average price of domestic fluorite is 3400 yuan / ton. In recent years, the operation rate of domestic fluorite plant is relatively low, and there is less resumption of construction of mine and flotation plant in the site. The supply of fluorite in the site is still tight. In the near future, the price of hydrofluoric acid in the downstream remains high. For the purchase on demand in the fluorite market, the goods in the fluorite site are in good condition, and the price trend of fluorite market is temporarily stable. In the near future, the downstream units are under normal operation, the spot supply of fluorite in the site is tight, and the downstream terminal purchases on demand, resulting in high market price. As of the 23rd, the price of 97 fluorite wet powder in Inner Mongolia was 3200-3400 yuan / ton, that of 97 fluorite wet powder in Fujian was 3300-3500 yuan / ton, that of 97 fluorite wet powder in Henan was 3300-3600 yuan / ton, and that of 97 fluorite wet powder in Jiangxi was 3300-3600 yuan / ton. The trend of fluorite price was high and fluctuating.

The market price trend of hydrofluoric acid in the downstream of fluorite slightly increased. As of the 23rd, the domestic market price of hydrofluoric acid was 11520 yuan / ton. The high market price of hydrofluoric acid has a certain positive impact on the upstream market of fluorite. However, in recent years, the operation of hydrofluoric acid plant is general, the demand for fluorite is normal, some enterprises have not yet started, the supply of goods in the field is relatively tight, and the price of fluorite remains high. In the near future, the transaction market of downstream refrigerants of the terminal has increased. At present, the automobile industry is gradually back to work. The supply of R22 in China is tight. The price trend of domestic refrigerants R22 market is rising slightly. The starting load of the manufacturer’s production units is still not high. The supply of goods in the market is general. The downstream air-conditioning manufacturers stop more and the demand changes little. The price mainstream of domestic large enterprises rises to 16500-1850 0 yuan / ton. The price trend of domestic R134a market rises slightly, and the operating rate of production enterprises rises slightly. At present, the downstream operation is not high, and the demand for R134a is general. In the near future, the downstream industry has increased the stock, and the price rises slightly. The downstream industry still purchases on demand, and the price trend of hydrofluoric acid market rises slightly.

On the whole, the market of downstream refrigerant industry is rising slightly, the supply of fluorite is tight, and the price trend of hydrofluoric acid Market in the near future remains high. According to Chen Ling, an analyst of business agency, the market price of fluorite may remain high in the near future.

1、 Trend analysis

On the MAR 23rd, spot copper price was 36560 yuan / ton, down 4.9% in a single day, down 26.79% year on year. Shanghai copper’s main contract quickly fell to 35300 yuan after opening low today, and then rebounded sharply to close at 37200 yuan, down 4.39%.

2、 Market analysis

London’s base metal prices fell sharply in Asian trading on Monday. With the spread of the epidemic, many countries around the world increased the number of anti epidemic measures, which raised concerns about the global economic growth slowdown and hit the metal demand outlook. Copper production in Peru, Chile and other copper producing countries has also been disturbed, while domestic resumption of production is accelerating, but the current refined copper market is still in a state of oversupply, and terminal consumption has not yet recovered significantly.

3、 Future prospects

Based on the above situation, copper analysts of nonferrous branch of business cooperation believe that: in the short term, copper price is still mainly affected by macro risks and market sentiment, but supported by mine cost, there is still limited space for further exploration, and it is expected that copper price will fluctuate in a wide range in the short term.

The consumption of liquefied petroleum gas (LPG) in China is growing rapidly, mainly fuel consumption. China’s liquefied petroleum gas market started in the 1970s and 1980s, and experienced rapid development in the late 1990s and the beginning of this century. In the past decade, with the advancement of urbanization and the rise of chemical applications, the demand for LPG in the domestic market is increasing day by day. From 2011 to 2018, the annual apparent consumption of LPG increased from 24 million tons to 44 million tons, with an average annual growth rate of more than 9%. However, after 2016, the utilization of LPG in chemical industry is generally saturated, and fuel has gradually become the largest consumption field.

LPG can be used as industrial and civil fuel, as well as an important chemical raw material, widely used in the production of various chemical products. Of the total consumption of 44.02 million tons, 23.53 million tons are fuel consumption, accounting for 53%; and 20.49 million tons are chemical consumption, accounting for 47%.

Fuel is the largest use area of LPG. According to the purpose, it can be further divided into urban civil fuel, industrial fuel, catering fuel and rural fuel. Among them, rural fuel accounts for the largest proportion, reaching 38%; catering fuel is also an important consumption area of LPG, accounting for 34%, which constitutes the main consumption area of LPG in China, and has maintained a rapid growth rate. In addition, industrial fuel and urban resident fuel account for 5% and 23% respectively. With the popularization of pipeline natural gas in China, the substitution of natural gas for LPG of urban residents tends to be stable. The urban residents without pipeline laying conditions constitute a relatively stable consumer group in the urban area, but the overall industrial fuel field has been shrinking due to cost factors.

Rural fuel and catering fuel are rigid demand areas of LPG. In rural areas, due to the impact of environmental protection policies, LPG has become the preferred energy source for “coal to gas” in rural areas because of its cleanness, flexibility, non dependence on pipe network facilities and low-cost supporting. LPG is a clean energy source, and its emissions of sulfide and nitrogen oxide are close to those of natural gas, which are 0.04 and 0.6 of coal. LPG in rural areas can be flexibly distributed to remote areas without relying on large-scale infrastructure investment such as pipelines. In addition, the rural LPG economy is significantly better than natural gas. According to the statistical data of China Urban Gas Association, 60 households per square kilometer is the critical population density of natural gas and LPG economy (with state and local subsidies). The population density of rural areas in China is low. LPG is a good gas source for “coal to gas” and “gasification” in rural areas.

In the field of catering, LPG consumption also keeps increasing. In 2017, LPG consumption in the catering sector was 7.8 million tons, with a steady growth. In recent years, the business income of catering industry in China has maintained a growth rate of more than 10%. Affected by this, LPG consumption in catering industry has maintained a growth rate of 2.26%. According to the survey, the consumption of LPG in catering industry and its proportion in LPG fuel consumption have increased year by year, and now it has exceeded 30%.

From the perspective of consumption regions, domestic LPG consumption regions are concentrated in South China, East China and North China. The total LPG consumption is 30.16 million tons, accounting for 69% of the total. The consumption of LPG fuel in North China is 4.31 million tons, accounting for 31% of the total regional consumption; the consumption of LPG fuel in East China is 4.71 million tons, accounting for 56% of the total regional consumption; the consumption of LPG fuel in South China is 6.58 million tons, accounting for 83%.

1、 Spot market of asphalt this week

As of March 20, the average market price of national road asphalt was 2547 yuan / ton, down 297 yuan / ton from 2844 yuan / ton last week, down 10.44%. This week, the domestic road asphalt market price continued to decline sharply, mainly due to the strong negative international news, leading to the continuous downward exploration of the crude oil futures market, even touching the $20 pass. In this context, it is difficult to establish a buying atmosphere for downstream operators in the asphalt market, and the impact of low price resources is strong, leading to the continuous decline of transaction price. However, the single-day increase of oil price on Thursday has been in recent years Most of all, the low-end price of asphalt has rebounded, especially in Shandong and North China.

2、 Supply and demand analysis

Demand: it is expected that part of the short-term areas will still be affected by rainfall, especially in the southeast of Northwest China, Chongqing, eastern Guizhou, northwest and Southeast Yunnan, central and Western Jiangnan, and most of South China. Among them, the coastal area in southwest Guangdong will encounter rainstorm, and the engineering infrastructure in the rest areas will grow steadily.

Inventory: according to the statistics of 64 major domestic road asphalt manufacturers, the total inventory / storage capacity ratio of major national asphalt manufacturers in the week ending March 20 was 44.84%, up 1.56% on a month on month basis. In the later stage of the market, the pressure on the short-term asphalt market price to keep rising is still unabated, and whether the conflict between Russia and Russia can be mediated is still pending, so the possibility of sharp decline of asphalt inventory in refineries is relatively low.

In terms of operation rate: according to the statistics of 64 major domestic road asphalt production enterprises, the comprehensive operation rate of domestic road asphalt production enterprises in the week ending March 20 was 46.66%, 1.2% higher than last week. In the later market, the momentum of the broad crude oil futures market continues to rise or is limited, and the refinery’s asphalt production profit is still at a high level, but the momentum of the asphalt spot price rise is relatively insufficient, and the support for the refinery’s inventory pressure slowing down is relatively weak, and the NDRC continues to reduce the expectation of gasoline and diesel is temporarily stranded, which does not exclude the possibility of partial Refineries or conversion of coking materials.

3、 This week’s Asphalt futures market and future prospects

This week, bu2006, the main oil asphalt contract, closed lower at 1940 yuan / ton, 178 yuan / ton lower than last week, with 6.23 million transactions and 420000 positions. At present, the spread of foreign social public events is still strong, and the inflection point is not yet coming, which will lead to the decline of crude oil demand is difficult to improve. However, the current industry will focus on whether the conflict between Russia and Russia can be mediated, and whether Saudi Arabia is willing to cancel the production increase remains to be seen. If the production increase is cancelled, the crude oil is expected to climb to the 40-50 range in the future, but if the production increase is continued, the possibility of the original price falling below $20 will be greatly increased. Attention should be paid to the pressure of sharp fluctuation of short-term crude oil price, especially under the continuous outbreak of social public events, the pessimistic atmosphere of investors enveloped the market, and it is expected that the demand for crude oil in the future will be bleak. In addition, the “crude oil price war” between Saudi Arabia and Russia will continue, so the oil price will remain low. The domestic social public event control superimposed considerable spot profits, which led to the continuous recovery of asphalt refinery operation rate, but the downstream construction started less, and the recovery progress was slow in some areas or affected by rain, the sharp drop of crude oil seriously affected the traders’ ordering mentality, the spot market trading was light, some refineries began to significantly reduce the spot price, and the social inventory was still accumulating rapidly. In this context, the domestic road asphalt market price continues to decline and is expected to remain. Investors who hold positions need to keep a close eye on the development trend of social public events and international crude oil situation, and do a good job in cash management to deal with future uncertainty.

According to statistics, the price trend of domestic ammonium nitrate in this week slightly declined. By the end of the week, the market price of domestic ammonium nitrate was 2370 yuan / ton, which was 0.42% lower than the price of 2380 yuan / ton at the beginning of the week, up 16.56% year on year. On March 19, the ammonium nitrate commodity index was 124.74, unchanged from yesterday, down 0.42% from 125.26 (2020-03-15), the highest point in the cycle, and up 61.23% from 77.37, the lowest point on October 31, 2016. (Note: cycle refers to 2013-02-01 to now).

This week, the price trend of domestic ammonium nitrate Market is slightly lower. The operation of domestic ammonium nitrate manufacturers’ devices is normal. The supply of ammonium nitrate in the field is normal, and the price of manufacturers is slightly lower. In the near future, the supply of goods in the field is normal, and the transportation has been alleviated. The price trend of ammonium nitrate Market is slightly lower. In the near future, the market of ammonium nitrate manufacturers is general, the downstream is purchased on demand, the domestic ammonium nitrate manufacturers are limited to start work, and the market price of ammonium nitrate remains high. Up to now, the negotiation mainstream in Shaanxi is 2300-2400 yuan / ton, that in Shandong is 2400-2500 yuan / ton, and that in Hebei is 2400-2600 yuan / ton.

This week, the price trend of concentrated nitric acid in China rose, with the weekend price of 1550 yuan / ton, and this week’s price trend rose by 3.28%. Jiangsu Hongze Yinzhu Chemical Co., Ltd. offers 1500 yuan / ton; Anhui Jinhe offers 1550 yuan / ton; Shandong helitai offers 1750 yuan / ton. Anhui Aodeli offers 1550 yuan / ton; Wenshui County synthetic chemical offers 1700 yuan / ton. In the near future, the domestic maintenance devices are in normal operation, the supply of concentrated nitric acid market is less, the on-site delivery is general, the price trend of nitric acid market is slightly increased by 50-100 yuan / ton, the increase of nitric acid price is the favorable influence of ammonium nitrate Market, and the price drop of ammonium nitrate Market is limited.

The price of upstream liquid ammonia fluctuated in high level this week, and the price of domestic liquid ammonia fluctuated in high level, with an increase of 15.66% in March. According to the monitoring of the business agency, the price of domestic liquid ammonia market rose significantly compared with the price at the end of February. Since the rebound began in late February, liquid ammonia began to rebound, and experienced a short repair stage in the middle. In the week of March 16, the price of liquid ammonia remained high, and the dealers adjusted the price range and The frequency slows down. According to the statistics of the business agency, the market price of liquid ammonia in China was 3200-3300 yuan / ton on the 20th. The overall price of upstream liquid ammonia market is at a high level, while the price trend of ammonium nitrate Market is stable and slightly lower.

In the near future, the downstream demand is limited, but the market price of raw materials continues to rise, which has certain cost support for the market price of ammonium nitrate. Ammonium nitrate analysts of the business association believe that the market price of ammonium nitrate may maintain high volatility in the later period.

1、 Price trend

According to the data of the business club’s large scale list, the domestic propylene (Shandong) market price continued to decline this week, with a weekly high of 6023 yuan / ton at the beginning of the week; a weekly low of 5732 yuan / ton at the end of the week, with a weekly decline of 4.83%.

2、 Analysis and comment

Products: in March, the decline trend of propylene price in Shandong Province in the early stage of reform began. On the first day, the prices of some enterprises rose slightly. On the second day, the prices of the whole line rose slightly. On the third and the fourth day, the prices of most enterprises generally rose. On the fifth day, the prices of some enterprises increased by about 50-100 yuan / ton. On the sixth day, the prices of enterprises began to fluctuate up and down, but the range was relatively small. On the tenth day, the prices generally fell by 50-100 yuan / ton. On the eleventh day, the prices slightly fell by 50 yuan / ton The daily price slightly decreased by 50-100 yuan / ton, and the price decreased by 200-300 yuan / ton on the 13th. It was obvious again on the weekends. The price remained stable on the 16th, and fell continuously on the 17th, 18th and 19th. Today, the price is mainly stable. At present, the market turnover is 5650-6000 yuan / ton, and the mainstream price is 5650-5750 yuan / ton.

Industry chain: upstream, influenced by OPEC meeting and various international economic policies, international crude oil rose and fell sharply; prices fell sharply again on the 16th, slightly on the 17th, sharply on the 18th and slightly on the 19th. The change of crude oil is large, which has obvious influence on propylene.

This week, PP market stabilized after a continuous downward trend, with a weekly decline of 4.68%, which had a certain negative impact on propylene.

This week, acrylic acid market remained stable, and the price did not change, which had little impact on propylene.

Propylene oxide rose slightly this week, up 0.80%, with limited impact on propylene.

Epichlorohydrin prices fell slightly this week, down 2.36%, slightly negative for propylene.

This week, the domestic price of n-butanol fell sharply, the weekly decline reached 6.54%, which had a significant negative impact on propylene.

This week, the octanol market continued to decline in a straight line, with a weekly decline of 4.40%, which had some negative impact on propylene.

Affected by the epidemic situation, the market price of isopropanol, as one of the raw materials of disinfectants, rose sharply this week, reaching 26.40% of the weekly increase, which has exceeded 30% in seven days, which has a significant positive impact on propylene.

The phenol Market in Shandong Province remained stable this week, with limited impact on propylene.

Shandong acetone market slightly increased this week, with a weekly increase of 2.05%, which had little impact on propylene.

3、 Future forecast

According to the propylene analyst of business and chemical branch, the crude oil market has risen and fallen sharply recently due to the impact of the international crude oil market game. As the production and inventory of propylene are low before, the decline in the early stage is not significant, and the trend of follow-up in the later stage is also obvious. Although the market of isopropanol in the lower reaches increased significantly, other lower reaches were not ideal. It is expected that the price of propylene will continue to be affected by crude oil in the later stage, with in-situ shocks dominating.