Price trend
On the 27th, the propylene market stopped falling and stabilized. Recently, there had been a lack of smooth upstream sales, and in order to stimulate sales, significant discounts had been made. It is reported that from March 24th to 27th, the average price of propylene in Shandong dropped from 6,960 RMB/ton to 6,710 RMB/ton, with a decrease of 250 RMB/ton during the period.
Analysis review
Affected by the dual negative effects of falling oil prices and loose supply side, propylene prices hadfallen to a low point, and downstream market entry enthusiasm had increased.
Market outlook
It is expected that the low-end prices will stop falling and stabilize in the short term, while the high end prices will make up for the decline.
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