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SunSirs: The Negative Factors Were Superimposed, and Propylene Accelerated the Decline
March 18 2022 09:09:45SunSirs(John)

Price trend

The propylene market has recently accelerated its decline, and the mainstream market price has fallen to 8,200-8,400 RMB/ton

Analysis review

The international crude oil price has dropped sharply, and the downstream polypropylene market is still sluggish. The recent domestic epidemic has rebounded, and logistics and production in some areas have been affected. The trading level on the market further shrank, which was bad for the market, and merchants cut prices to take orders.

Market outlook

After the propylene market experienced sharp rises and falls, the market needs to be further sorted out. It is expected that the propylene market will be mainly consolidated in the near future.

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