1、 Price trend
| Sodium Molybdate |
According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price dropped slightly this week and then rose slightly, with the initial price of 7467 yuan / ton; the weekly high price of 7469 yuan / ton at the weekend, with a weekly increase of 0.02%; the weekly low price of 7465 yuan / ton on Wednesday and Thursday, with the weekly amplitude of only 0.05%.
2、 Analysis and comment
According to the price chart of the business agency, since September 1, the price of propylene has been rising all the way, and the upward range is getting bigger and bigger. Up to the fourth day, the total price rose by 300 yuan / ton. From the seventh to the tenth, the first round of downward adjustment occurred, with a total reduction of 100-150 yuan / ton. After that, it was slightly stable. From the 13th, the price went up again, up 350 yuan / ton on the 17th. On the 17th, the price remained stable, and the price decreased slightly on weekends On the 21st, some enterprises went down by 50-100 yuan / ton. From Monday 21, the prices were generally stable. On the 24th, the prices of some enterprises began to decline slightly. Today, the prices showed a slight upward trend. The market transaction is still between 7300 and 7650 yuan / ton, and the mainstream price is still around 7450 yuan / ton. Most propylene manufacturers have controllable inventory.
On September 24, crude oil prices declined slightly, which had little impact on propylene market.
PP futures market slightly down this week, but today has increased, spot prices across the board stable, propylene may have some positive impact.
Acrylic acid market continued to rise this week, with a weekly increase of 3.57%, which had a positive impact on propylene.
| povidone Iodine |
Propylene oxide market continued to rise steadily this week, with a weekly increase of 5.58%, which also had a positive impact on propylene.
Epichlorohydrin price dropped slightly this week, with a weekly decline of 1.45%, which had a small negative impact on propylene.
The domestic price of n-butanol rose slightly this week, with a weekly increase of 0.53%, which had little impact on propylene.
Octanol market remained stable throughout the week, no impact on propylene.
The isopropanol market continued to decline this week, with a weekly decline of 2.46%, slightly negative impact on propylene.
The price of phenol in East China remained stable in the first half of this week, and rose significantly in the second half of this week, with a weekly increase of 1.88%, which had a certain effect on propylene.
The price of acetone in East China continued to decline this week, with a weekly drop of 5.15%, which had a certain suppression effect on propylene.
3、 Future forecast
The propylene analysts of the chemical branch of business society believe: in a comprehensive view, the inventory of propylene manufacturers is within the controllable range, the crude oil price has been reduced, the downstream products are generally profitable, the operating rate is high, and there is a demand for replenishment before the festival, which has a certain support for propylene, and the favorable factors are more than the negative factors. However, the current propylene price is at the top position, and the upward trend is difficult, so it is expected that propylene will be in the near future The price or a small fluctuation stabilized.
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