Price trend

According to the Commodity Market Analysis System of ,, the domestic propylene (Shandong) market experienced a weak decline this week (2.18-2.23). The average price in the Shandong market at the beginning of the week was 6,875 RMB/ton, and the average price over the weekend was 6,853 RMB/ton, with a weekly decrease of 0.33% and a year-on-year decrease of 9.92%.

Analysis review

According to the commodity market analysis system of SunSirs, the propylene market fell first and then stabilized this week. At the beginning of the week, downstream work resumed gradually after the holiday, but demand follow-up was slow, upstream goods were not smooth, and prices continued to fall. In the second half of the week, the price of propylene had dropped to a low level, and downstream profit margins had increased. The enthusiasm for entering the market had increased, and sales had improved, resulting in a rebound in propylene prices.

Market outlook

SunSirs’ Propylene Analyst believes that in the short term, with the restart of some demand devices in the future and the expectation of positive demand, it is expected that the focus of the propylene market will strengthen in the short term, and prices will be relatively stronger.

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