SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Propylene News > News Detail
Propylene News
SunSirs: Shandong Propylene Fell Back after Oscillating Upwards, with a Monthly Increase of Over 10% and a Monthly Amplitude of Nearly 20%
June 01 2020 14:36:52SunSirs(John)

Price trend

According to the data of SunSirs, the domestic propylene (Shandong) market price in this month fell after the fluctuation, and rose slightly at the end of the month, with a monthly low price of 5,936 RMB/ton at the beginning of the month; 6,595 RMB/ton at the end of the month, with a monthly increase of 11.09%; the monthly high price appeared from May 21 to 23, with a monthly amplitude of 17.57%, with a price of 6,979 RMB/ton.

 

Analysis review   

Product: Last month, the price of propylene in Shandong Province rose sharply and fell sharply, and then it held steady again, and the market was stable. During the May Day holiday, the price of propylene slightly increased by about 50 RMB/ton. On the 6th, the price went up by 100 RMB/ton again. On the 7th, 8th and 9th, the price went up by 50 RMB/ton continuously. On the 10th, some enterprises went up by 50 RMB/ton continuously. On the 11th, they went up by 50 RMB/ton again. On the 12th, they went up by 100-200 RMB/ton obviously. On the 13th, they went up by 100-200 RMB/ton continuously. On the 14th, they went up by 50-100 RMB/ton again. On the 15th, the price still rose by 50-100 RMB/ton. From the weekend to the 22nd, the upward trend remained unchanged. The daily upward trend was 50-100 RMB/ton. On the 22nd, the price finally began to stabilize. On the weekend, the price of propylene fell slightly. On the 25th, the price of propylene fell by 50-150 RMB/ton again. On the 26th, the price still fell by about 100 RMB/ton. On the 27th, the price fell by 100-150 RMB/ton. On the 28th, the price dropped by about 100 RMB/ton. On the 29th, most of the enterprises maintained stability, some of them declined slightly. On the 30th, the price remained stable, but on the 31st, it rose by about 50 RMB/ton. Now, the market turnover is between 6,550-6,650 RMB/ton, and the mainstream price is about 6,550 RMB/ton.

Industry chain: upstream, influenced by the international situation, the international crude oil price rose significantly at the end of last week. Now, the crude oil is still rising, but the trend slows down. Influenced by the international events on August 8, the crude oil rose again significantly. On November 11, the crude oil went down slightly. In the later period, the crude oil price rose slightly. On the 15th, it rose more obviously. On Monday, the 18th, it rose significantly. From the 19th to the 21st, it fluctuated slightly. Last Friday, the price of crude oil decreased on 22nd, closed on Monday, slightly recovered on 26th, slightly declined on 27th and slightly fluctuated on 28th. It is reported that crude oil rose significantly at the end of the month, so the price of propylene increased.

This month, the PP market stabilized after shocks, with a monthly increase of only 0.66% and a monthly amplitude of 4.90%. Moreover, the increase of downstream imports has a slight negative impact on propylene.

This month, acrylic acid rose after a significant downward shock, with a monthly increase of 8.94% and a monthly amplitude of 14.98%, which had a certain positive impact on propylene.

This month, the propylene oxide market rose steadily after the shock, with a monthly increase of 12.55% and a monthly amplitude of 26.61%, which had a slight positive impact on propylene.

Epichlorohydrin rose steadily after the shock this month, with a monthly increase of 9.90% and a monthly amplitude of 12.12%, which had a small positive impact on propylene.

Isopropanol, as one of the raw materials of foreign disinfectants, rose after a sharp decline in domestic prices this month, with a monthly decline of only 0.86% and a monthly amplitude of 8.93%, which had limited impact on propylene.

This month, the domestic price of n-butanol also rose steadily after the shock, with a monthly increase of 13.42% and a monthly amplitude of 14.09%, which had a certain positive impact on propylene.

This month's octanol market is also stable after the upward shock, with a monthly increase of 17.99% and a monthly amplitude of 18.29%, which also has a certain positive impact on propylene.

The phenol Market in Shandong Province fluctuated and stabilized after a substantial price increase in the first ten days of this month, with a monthly increase of 9.64% and a monthly amplitude of 11.45%, which had a small positive impact on propylene.

The acetone market in Shandong Province rose step by step, with a monthly increase of 21.05%, which had a significant positive impact on propylene.

 

Market outlook

According to the propylene analyst of SunSirs, on the whole, the price of international crude oil market keeps rising in recent days, which has a certain positive effect on propylene. The downstream price has increased, but the pressure on raw materials still exists. Some downstream products adopt the mode of production reduction and production suspension. The operating rate has declined. They are just in need of procurement, and the delivery and delivery are cold. The factory's delivery inventory is gradually stable. Therefore, it is expected that the propylene price will slightly rise in later short terms due to the impact of crude oil.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products