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SunSirs: Propylene Market Was Under Pressure and Down (June 6-10)
June 13 2022 14:18:03SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the domestic propylene (Shandong) market price continued to decline this week. The average market price at the beginning of the week was 8,070 RMB/ton, and the weekend average price was 7,930 RMB/ton, a decrease of 1.73%.

Analysis review

According to the price chart of SunSirs, as of this weekend, the mainstream quotation in the propylene (Shandong) market was 7,800-7,900 RMB/ton, and the price fell below 8,000 yuan. It is reported that due to the commissioning of the new plant and the resumption of production of the maintenance plant, the supply of propylene has increased and the market competition has intensified. Under the pressure of sales, the company sold the goods at profit-cutting, and some process routes were even in a state of loss. The downstream market demand was mainly based on rigid demand, fast in and fast out, and the overall market was in a situation where supply exceeded demand.

Upstream: Upstream raw materials were mainly rising, and the pressure on propylene costs remained unabated. Under high costs, propylene prices were lowered, and profit margins were further reduced.

Downstream: Downstream products showed mixed fluctuations, the fluctuations were not large, and the overall situation was relatively stable. The start-up and sales were also in a stable state, and the demand stimulation was insufficient, and the propylene market was difficult to improve.

Market outlook

The propylene analyst of SunSirs believes that: the cost of raw materials is high, the current propylene market is loosely supplied, and the demand side is slow to follow up. It is expected that the propylene market will be weak and down in the near future.

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