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SunSirs: Propylene Market Consolidated This Week (April 11-15)
April 18 2022 09:52:01SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the domestic propylene (Shandong) market price fluctuated this week, and the price fell slightly. The average market price at the beginning of the week was 8,460 RMB/ton, and the average price at the weekend was 8,441 RMB/ton, a decrease of 0.23%.

Analysis review

According to the price chart of SunSirs, the overall price of propylene (Shandong) did not change much this week. As of Friday, the mainstream price of propylene in Shandong was 8,400-8,500 RMB/ton, and the market was in a stalemate. On the bullish side, crude oil prices fluctuated and rose, especially at the weekend, prices rose sharply again, and the cost side supported strong. On the negative side, the downstream demand was slow to follow up, and the rigid demand was the main. Recently, due to the impact of the epidemic, traffic in some areas has been poor, and the operating rate of factories has decreased.

Upstream: The upstream raw materials ere mainly down, but the price was high, and the propane price rose, which had a limited impact on propylene.

Downstream: Downstream products mainly fell, the main downstream polypropylene market maintained a downward trend, and the upward resistance was very large. The overall downstream situation was weak, the start of construction was reduced, and the demand was tightened.

Market outlook

The propylene analyst of the chemical branch of SunSirs believes that: under the cost transmission, the price of propylene may struggle to rise next week, and the upside is limited due to weak demand.

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