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SunSirs: In August, Shandong Propylene Broke through the Shock Range and Stabilized after Rising

September 04 2020 14:11:28     SunSirs (John)

Price trend

According to data from the SunSirs’ bulk list, the domestic propylene (Shandong) market price rose and broke through the original range this month and then fluctuated and stabilized. It was 6,848 RMB/ton at the beginning of the month; it was 6,940 RMB/ton at the end of the month, with a monthly increase of 1.34%; the monthly low price appeared on August 4 at 6,826 RMB/ton, and the monthly high price appeared on August 10-13 at 7,036 RMB/ton, with a monthly amplitude of 3.08%.

Analysis review

According to the price chart of SunSirs, the recent price of propylene fluctuated cyclically up and down, and the price range of the shock at the beginning of the month was broken. At the beginning of August, the price was at a high level in the range. Since the weekend, the price has risen and fallen slightly, and has remained largely unchanged. On the 4th, the prices of individual companies declined slightly, and the prices were stable on the 5th. From the 6th to the 10th, the first round of this month’s breakthrough range began to rise. Prices began to stabilize on the 11th, and continued to decline from the 14th to the 16th. The prices began to stabilize on the 17th and have remained stable for more than 10 days. Prices went up and down slightly, but most manufacturers still kept their prices stable. On the 29th, prices continued to stabilize after falling by 50 RMB/ton across the board. The current market transaction is between 6,880 and 7,250 RMB/ton, and the mainstream price is around 6,900 RMB/ton. Propylene manufacturers shipped smoothly, with no pressure on inventory.

On the upstream side, crude oil prices have fluctuated slightly recently, and the market has been average. Crude oil prices fell slightly on August 28, which had limited impact on the propylene market.

The PP market fluctuated and stabilized after rising this month, with a monthly increase of 2.78%. The recent rise in the polypropylene futures market has a slight positive impact on propylene.

The price of acrylic acid was flat in the first half of this month, and fluctuated upward in the second half of the month. At the end of the month, there was a significant increase with a monthly increase of 5.65%, which has a positive impact on propylene.

Propylene oxide also fluctuated and stabilized after rising this month, with a monthly increase of 21.79%, which has a clear positive impact on propylene.

ECH fluctuated and stabilized in the first ten days of this month, and stabilized after a significant increase in the middle and late ten days. The monthly increase was 7.99% and the monthly amplitude was 10.49%, which has a certain positive impact on propylene.

The domestic price of IPA rebounded slightly after falling this month, with a monthly drop of 15.12% and a monthly amplitude of 23.61%. Due to the obvious recovery in the later period, the negative impact on propylene is limited.

This month, the domestic price of n-butanol also fluctuated and stabilized after rising, with a monthly increase of 3.64% and a monthly amplitude of 4.24%, which has little impact on the propylene market.

The 2-EH market fluctuated repeatedly this month, with a monthly decline of 3.26%, which had little effect on the negative effects of propylene.

East China phenol market stabilized after a decline at the beginning of this month, with a monthly decline of 5.15% and a monthly amplitude of 5.58%, which has a certain negative impact on propylene.

The East China acetone market fluctuated and declined in the first ten days, and steadily rose in the middle and late ten days, with a monthly increase of 4.60% and a monthly amplitude of 15.74%, which had a significant impact on propylene.

Market outlook

The propylene analyst of SunSirs believes that: on the whole, there is no pressure on the inventory of current propylene manufacturers, the crude oil price fluctuates slightly, the downstream polypropylene futures market continues to rise, the overall profit margin is good, and there are many favorable factors, but downstream mainly just need to purchase., the overall market is stable, and it is expected that the propylene price may rise.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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