1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the commodity market analysis system of Shengyishe, the domestic propylene (Shandong) market rose strongly this week (3.4-3.8). The average price in the Shandong market at the beginning of the week was 6863 yuan/ton, and the average price over the weekend was 7054 yuan/ton, with a weekly increase of 2.79% and a year-on-year decrease of 4.75%.
As of March 8th, the mainstream prices of propylene in different regions in China are as follows:
Region/ March 8th
Shandong region/ 7050-7100 yuan/ton
Northeast region/ 6650-6700 yuan/ton
East China region/ 6900-6950 yuan/ton
2、 Analysis and Review
According to the commodity market analysis system of Business Society, the propylene market has shown a significant increase this week. In the early part of the week, due to the shutdown of some upstream devices in the region, supply has tightened, prices have risen, and downstream buyers have entered the market. In the later part of the week, prices rose to a high level, and the atmosphere of downstream entry into the market weakened. In addition, some units released propylene, which eased the tight supply situation and led to a slight decline in propylene prices.
3、 Future Market Forecast
The propylene analyst from the Chemical Branch of Business Society believes that currently, the increase in propylene prices will lead to a narrowing of downstream profits, which will suppress propylene demand. It is expected that the focus of propylene prices will shift downward in the short term.
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