Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic propylene (Shandong) market was fluctuating and rising this week. The average price of propylene in the Shandong market at the beginning of the week was 6,788 RMB/ton, and the average price on the weekend was 6,813 RMB/ton, with a weekly increase of 0.37% and a year-on-year decrease of 3.09%.

Analysis review

According to the Commodity Market Analysis System of SunSirs, the propylene market in Shandong fluctuated and rose this week. Due to the impact of maintenance on the propylene plant, supply had been tightened, coupled with the recent lack of inventory pressure and smooth production and sales, supporting the strong upward trend of propane prices. In terms of downstream demand, mainly rigid demand, the demand was stable and the transaction atmosphere was fair.

Market outlook

SunSirs’ Propylene Analysts believe that overall, some companies still have parking plans in the near future, and supply expectations are expected to tighten. It is expected that the propylene market will operate stronger in the short term.

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