Price trend

According to the commodity market analysis system of SunSirs, the domestic propylene (Shandong) market continued to rise this week (1.15-1.19). The average price in the Shandong market at the beginning of the week was 6,733 RMB/ton, and the average price over the weekend was 6,863 RMB/ton, with a weekly increase of 1.93% and a year-on-year decrease of 9.22%.

Analysis review

According to the commodity market analysis system of SunSirs, the focus of the propylene market continued to shift upwards this week. Due to the shutdown of some propylene units in Shandong region, the supply side had been favorable, and the market atmosphere had improved. Downstream players had actively entered the market, and on-site inventory had decreased to a low level, while upstream players had actively pushed up prices. This week's crude oil fluctuated and had little impact by the news.

Market outlook

The propylene analyst from SunSirs believes that in the short term, with the rise in propylene prices and the narrowing of the price difference with polypropylene, it will suppress the demand for propylene. At the same time, some propylene units have plans to restart, and it is expected that there is limited room for propylene to continue to rise, with a stronger price trend.

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