SunSirs: On June 21, the Propylene Market Was Running in Consolidation
June 22 2022 13:58:36 SunSirs (John)Price trend
On the 21st, the propylene market was consolidated and the mainstream price of propylene in Shandong was 7,900-8,000 RMB/ton.
Analysis review
On the cost side, crude oil rebounded after falling from a high level, and the support for propylene was acceptable, but the downstream cost pressure, especially polypropylene, remained unchanged. The demand was flat and the start-up as limited. At the same time, the performance of other downstream products of propylene was average. At the same time, the start-up of propylene in many places was relatively high. In addition, new devices were put into operation. The overall market supply exceeded demand, and under the contradiction between supply and demand, the propylene market was running in a stalemate.
Market outlook
Under the influence of long and short factors, it is expected that the propylene market will run in a narrow range in the near future.
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