On September 21st, the Shandong propylene market was consolidated, with some factories making minor adjustments. The mainstream quotation in the Shandong market was 7,300-7,330 RMB/ton.
International oil prices and polypropylene futures prices had fallen, with bearish news, which suppressed the market confidence. There was not much inventory pressure on the market, and there was a strong willingness for upstream price supporting. The market lacked guidance on positive news.
It is expected that the propylene market will be mainly weakly consolidated in the short term.
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