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SunSirs: Demand Was Weak, the Decline of Propylene Market Accelerated
September 08 2023 09:34:35SunSirs(John)

Price trend

On September 7th, the propylene market in Shandong fell weakly, with mainstream home prices dropping to 7,100-7,150 RMB/ton, a decrease of 100-150 RMB/ton compared to the previous trading day.

Analysis review

It is reported that the propylene market had further declined. Upstream sales were not smooth, inventory accumulated and transaction focus continued to shift downward. International oil prices had risen, but support for propylene was limited, and the market had a strong wait-and-see atmosphere.

Market outlook

It is expected that the propylene market will continue to operate weakly in the short term.

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

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