Propylene market price in Shandong continued to rise in the second half of the week (1.11 ~ 1.15)

1、 Price trend


Benzalkonium chloride

According to the data of business club’s block list, the domestic propylene (Shandong) market price remained stable in the first half of this week, and rose continuously in the second half of this week, with the price of 7291 yuan / ton at the beginning of the week, 7391 yuan / ton at the weekend, and 1.37% at the end of the week; the price of 7285 yuan / ton at the end of the week, and 1.45% at the end of the week.


2、 Analysis and comment


According to the price chart of the business club, the propylene price went down all the way at the end of December. It began to rise on New Year’s day, and increased by about 100 yuan / ton on the 4th. On the 5th and 6th, the price was mainly stable, with only a few enterprises going up. On the 8th, some prices went down. Later, the price continued to be stable. On the 14th, the price finally showed a general rise. Today, the price continued to rise slightly by about 50 yuan / ton, and the market transaction was 7350 ~ 7550 yuan / ton The mainstream price is about 7350 yuan / ton. Now the manufacturer’s inventory is a little tight, and the shipment is smooth. The price in the North has dropped slightly, and the original price difference has been repaired. Affected by the new covid-19 epidemic, logistics has risen slightly, affecting propylene prices.



On January 13, crude oil prices fell slightly, but had little effect on propylene.


This week, the spot price of PP declined slightly, with a weekly decline of 1.03%, but the PP futures market was better, with general impact on propylene.


This week, acrylic acid market is stable, the impact on propylene is limited.


This week, the market of propylene oxide has been stable, but it has little effect on propylene.


Epichlorohydrin fell slightly this week, with a weekly decline of 1.35%, which had a small negative impact on propylene.


This week, the domestic n-butanol price continued to rise and then stabilized, with a weekly increase of 8.37%, which had a significant pull-up effect on propylene.


Octanol market rebounded after declining this week, with a weekly increase of only 0.31% and a weekly amplitude of 16.79%, which was slightly favorable for propylene.


Isopropanol market rose sharply at the end of the week, with a weekly increase of 5.53%, which has a certain positive impact on propylene.


This week, the price of phenol in East China was stable, but there was no effect on propylene.


This week, acetone in East China rose by 3.60%, which had a small pulling effect on propylene.


3、 Future forecast


Propylene analysts from Shangshe chemical branch think: Generally speaking, the current inventory is not much, the price difference in the northern market is restored, the logistics cost is slightly increased, the crude oil price is slightly downward, the downstream polypropylene futures market is better, the operating rate is slightly increased, the trading volume is warmer, and the downstream products are much more empty, so it is expected that the propylene price will continue to rise in the near future.