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SunSirs: The Domestic Propylene (Shandong) Market Is Mixed in This Week (February 10-14)

February 17 2020 11:06:33     SunSirs (John)

http://www.sunsirs.com/uk/news-1190-1.htmlPrice trend

According to the monitoring data of SunSirs, the prices of domestic propylene (Shandong) market rose and fell mutually this week. In the first half of the week, the prices continued to decline. On Thursday and Friday, some enterprises showed a slight upward trend, but the overall trend still fell. At the beginning of the week, the average price of enterprises is the weekly high price, 6,181 RMB/ton; at the end of the week, the average price of enterprises is the weekly low price, 6,067 RMB/ton, with a weekly decrease of 1.85%.

 

Analysis review   

Product: Since February, the price of propylene in Shandong Province has been declining all the way. On February 11, the prices of some enterprises rose slightly and then fell again. On February 14, the prices varied. At present, the market turnover wa about 5,750-6,200 RMB/ton, and the mainstream price was 5,900-6,000 RMB/ton. In the current upstream and downstream industries, there are a lot of equipment shutdowns and overhauls, and the operating rate is still low. However, due to the epidemic, some refineries have low-cost shipments due to inventory pressure. The market transaction is rare, and the market is cold, waiting is the main behavior. It is expected that the market price of propylene will fluctuate in situ in recent days.

Industry chain: On the upstream side, during the Spring Festival, the international crude oil market continued to decline sharply, and recently recovered slightly.

This week, PP market fell sharply, with a weekly decline of 4.81%, which had a significant negative impact on propylene.

Acrylic acid market held steady this week, but fell 11.30% during the Spring Festival. It is expected that acrylic acid market will be strong in the short term, with some negative impact on propylene.

This week, the propylene oxide market declined slightly after the fall, with a weekly decline of 5.11% and a weekly amplitude of 5.47%. It is also expected to have a suppressive effect on propylene.

Epichlorohydrin prices fell slightly this week, with a weekly decline of 2.41%. In the future, it may be narrow range finishing operation, with limited negative impact on propylene.

This week, the domestic price of n-butanol fluctuated downward, with a weekly decline of 4.52%, which had a negative impact on propylene.

The octanol market held steady this week, but fell 3.86% during the Spring Festival, which had some negative impact on propylene.

This week, the phenol Market in Shandong province remained stable. During the Spring Festival, the price dropped by only 0.49%, with little impact on propylene.

The prices of acetone market in Shandong Province were all stable this week, and only declined by 0.44% during the Spring Festival, which had little impact on propylene.

Isopropanol market price slightly fluctuated this week, but back to its original position, the weekly rise and fall was 0. After the Spring Festival, the price rose 4.24%, which was good for propylene market price.

 

Market outlook

According to the propylene analyst of SunSirs, in general, the propylene market has declined in recent days, and the change range of the crude oil market is limited, with a slight correction. However, the downstream operating rate is relatively low, and the plant shutdown situation is still the same, so it is expected that the propylene market will be relatively cold in recent days, and the price will mainly fluctuate.

 

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