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SunSirs: On July 7th, the Propylene Market Was Sorted and Operated at a Low Level
July 08 2022 08:42:25SunSirs(John)

Price trend

On the 7th, the propylene market was running at a low level, and the mainstream price of propylene in Shandong was 7,400-7,550 RMB/ton.

Analysis review

The market supply was loose, the markets of most of the downstream products were weak, and the demand was not good. Although the cost support was acceptable, under the dominance of demand, companies made profit-cutting to sell goods, and prices continued to bottom out.

Market outlook

The contradiction between supply and demand in the market is difficult to break, and it is expected that the price of propylene will run at a low level in the near future.

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