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SunSirsThis Week, the Domestic Propylene (Shandong) Market Went Up and Down Slightly (September 21-25)
September 27 2020 12:01:55SunSirs(John)

Price trend

According to the data of SunSirs’ bulk list, the domestic propylene (Shandong) market price rose slightly after a slight decline this week, the initial price of the week was 7,467 RMB/ton; the weekend price was the weekly high price of 7,469 RMB/ton, with a weekly increase of 0.02%; , Thursday was the weekly low price, 7,465 RMB/ton, and the weekly amplitude was only 0.05%.

Analysis review

According to the price chart of SunSirs, since September 1, the price of propylene has continued to rise across the board, and the rate of increase is getting larger and larger, up to a total of about 300 RMB/ton on the 4th, and the first round of downward adjustments occurred from the 7th to the 10th. A total of 100-150 RMB/ton was lowered, and then it stabilized slightly. The price started to rise again on the 13th, and it had risen about 350 RMB/ton on the 17th. The price remained stable on the 17th, and the price was slightly lowered at the beginning of the weekend until the 21st. The company went down by 50~100 RMB/ton, and the price remained stable since the 21st. On the 24th, the prices of individual companies began to slightly decrease. On the 25th, the price showed a slight upward trend. The market transaction was still between 7,300~7650 RMB/ton, and the mainstream price was still around 7,450 RMB/ton. Most propylene manufacturers have controllable inventory.

Crude oil prices fell slightly on September 24, which had little impact on the propylene market.

The PP futures market declined slightly this week, but it has been raised today. Spot prices have remained stable across the board, which may have a positive impact on propylene.

The acrylic acid market continued to increase this week, with a weekly increase of 3.57%, which has a certain positive impact on acrylic.

The propylene oxide market continued to rise steadily this week, with a weekly increase of 5.58%, which also has a positive impact on propylene.

The price of epichlorohydrin declined slightly this week, with a weekly decline of 1.45%, which has a small negative impact on propylene.

Domestic 2-EH prices rose slightly this week, with a weekly increase of 0.53%, which has little effect on propylene.

The octanol market remained stable across the board this week, with no impact on propylene.

The isopropanol market continued to decline this week, with a weekly decline of 2.46%, which has a slight negative impact on propylene.

The price of phenol in East China remained stable in the first half of the week, and it rose significantly in the second half of the week, with a weekly increase of 1.88%, which has a certain effect on propylene.

East China acetone prices continued to decline this week, with a weekly drop of 5.15%, which has a certain suppressive effect on propylene.

Market outlook

The propylene analyst of SunSirs believes that: on the whole, the inventory of current propylene manufacturers is within the controllable range, the price of crude oil has been lowered, the overall profitability of downstream products is good, the operating rate is high, and there is a pre-holiday replenishment demand. There is a certain degree of support. There are more positive factors than negative factors. However, the propylene price is now at the top position and the upward trend is difficult. Therefore, it is expected that the propylene price may fluctuate and stabilize in the near future.

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

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