The latest price of propylene (3-15): 7400 yuan / ton, the market outlook is bullish

Analysis points: The price on March 15 rose by 0.76% compared with the previous trading day. Recently, the Shandong propylene market has fluctuated strongly, and the mainstream quotation is 7350-7400 yuan/ton. The overall situation of downstream demand is good, propylene companies are moving goods smoothly, and the offer is firm and upward, but the recent downward trend of crude oil and polypropylene has dragged down the market mentality.

Market outlook forecast: In the short term, propylene continues to increase upward resistance, and the Shandong propylene market is expected to fluctuate strongly.

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