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Propylene News
SunSirs: Support from Positive Factors Was Insufficient, and the Propylene Market Was Weakly Consolidated
September 22 2023 10:31:12SunSirs(John)

Price trend

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.

Analysis review

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.

Market outlook

It is expected that the propylene market will be mainly weakly consolidated in the short term.

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