I. price trend
According to a large number of data in the list of business agencies, the market price of domestic propylene (Shandong) has been declining continuously in recent days. At the beginning of the week (December 2), the average price of enterprises is the weekly high price, 7062 yuan / ton. At the end of the week (December 7 and 8), the average price of enterprises is the weekly low price, 6747 yuan / ton, with a weekly drop of 4.47%.
II. Analysis and comment
Product: at the beginning of December, influenced by the international crude oil market “Black Friday”, the price began to decline. The price has fallen by 300 yuan / ton this month. The price was still lowered on the 7th. At present, the market transaction has dropped to about 6720-7150 yuan / ton, and the mainstream price is 6720-6750 yuan / ton. At present, the heavy fog in Shandong, the logistics is not smooth, and the external sources of goods are blocked, which supports the propylene market. The spot price of polymer grade propylene in the United States fell 1.25 cents on Thursday, to the lowest level in more than three years, which had a negative impact on propylene.
Industry chain: upstream, the weekend OPEC + meeting production reduction agreement was postponed and strengthened, and the international crude oil rose sharply, which had a positive impact on propylene. In the downstream, the downstream procurement is slightly better, which has a certain positive impact on propylene.
Recently, PP spot market still has a slight downward trend, with a weekly decline of 0.79%, which has little impact on propylene.
This week, the supply of acrylic acid decreased, and the market price rose, with a weekly increase of 1.69%. However, the downstream market is just in need of receiving goods, so we should be more cautious and wait and see. It is expected that in the short term, the acrylic acid market will be mainly stable, which will only benefit the propylene market.
In recent days, due to the reduced supply of propylene oxide Market and low inventory of downstream raw materials, prices rose, with a weekly increase of 2.28%. However, the actual order in the polyether yard is limited, which will have a certain impact on the upward price of propylene oxide. It is expected that in the short term, the market of propylene oxide will rise steadily, which will have a certain pulling effect on propylene.
However, the price of epichlorohydrin still fell, down 33.51% since November 1. At present, its cost support is weak, the downstream epoxy resin is in weak operation, the market wait-and-see atmosphere is not reduced, there is no obvious positive factor, and the upstream power is insufficient, which still has a significant suppression effect on the propylene market.
In recent days, the supply of n-butanol in China has been recovered one after another, the mentality of the industry is weak, and the market has no good news to drive, with a weekly decline of 1.59%, which has little impact on propylene.
The price of octanol remained stable this week, with little impact on propylene.
|ferric sulfate (Poly ferric sulphate)|
Phenol market rose slightly this week, up 1.04% on a weekly basis. The market was average, with a slight positive impact on propylene.
Acetone market recovered slightly after this week’s decline, with a weekly decline of 2.68% and a weekly amplitude of 3.30%. It is expected that the market will continue to be weak, with limited impact on propylene.
Isopropanol prices also fell this week, down 3.63%, which had a negative impact on propylene market.
III. future forecast
According to the propylene analyst of the chemical branch of business society, the propylene market has been declining in recent days. At present, the spot price of polymer grade propylene in the United States is lower, but the logistics in Shandong has a slight impact, the OPEC + meeting production reduction agreement has been postponed and strengthened, and the international crude oil has risen sharply, so it is expected that the market price of propylene should start to stabilize and recover in recent days.
|Azodicarbonamide (AC foaming Agent)|