Price trend
On June 25th, the propylene market in Shandong continued its upward trend, with the mainstream home price rising to 6,350-6400 RMB/ton, an increase of 200 RMB/ton compared to before the holiday.
Analysis review
It is reported that due to the incomplete maintenance of some devices, the on-site supply had decreased. At the same time, during the Dragon Boat Festival, the downstream procurement situation was still good, and the trading atmosphere had improved, and upstream actively pushed up.
Market outlook
It is expected that the propylene market will digest the increase in the short term, with limited room for further upward growth.
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