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SunSirs: The Propylene Market Fluctuated Upward in April
April 29 2022 14:29:19SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the domestic propylene (Shandong) market has experienced ups and downs in April, and the overall market has risen. The average market price of propylene at the beginning of the month was 8,200 RMB/ton, and the average price at the end of the month was 8,404 RMB/ton, a monthly increase of 2.49%.

Analysis review

The price chart of SunSirs shows that compared with March, the trend of propylene processing in April was relatively stable. The highest point price in the month was 8,494 RMB/ton, an increase of 3.58% from the price of 8,200 RMB/ton at the beginning of the month. In April, the propylene market fluctuated within a narrow range. On the one hand, high cost has become the main support for the rise of propylene. On the other hand, the domestic epidemic has occurred in many places, transportation is not smooth, downstream production has been suspended, and demand has decreased, which has a significant negative impact on propylene.

In addition to liquefied gas, the upstream methanol, naphtha and propane prices all fell to varying degrees in April, but overall, the cost of propylene raw materials is still high, resulting in poor profits in the propylene industry, especially the large-scale expansion of production capacity of the PDH route in recent years, resulting in reduced profits or even losses, and the PDH operating rate has been further reduced.

Many downstream products fell, and the polypropylene market in April was mainly supported by the cost side, and the market situation needs to be improved. Dragged down by the demand side, propylene has great resistance to rising.

Market outlook

The propylene analyst of SunSirs believes that: entering May, the supply of propylene will increase, and at the same time, some companies will resume production, and some downstream products will expand simultaneously, which is expected to ease the pressure on propylene supply, and the game between cost and supply and demand. The propylene market is expected to fluctuate within a narrow range.

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