Commodity News
SunSirs: The Trading Atmosphere Improved, and Propylene Continued to Rise
June 26 2023 09:51:46 SunSirs (John)
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.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
Related Information
- 2024-04-15 SunSirs: The Propylene Market Slightly Increased This Week (April 8-12)
- 2024-04-03 SunSirs: Supply and Demand Gamed, Propylene Price Center Shifted downwards in March
- 2024-03-29 SunSirs: Sales Was Poor and Propylene Prices Broadly Declined
- 2024-03-12 SunSirs: Supply Side Was Favourable, and Propylene Prices Rose (March 4-8)
- 2024-02-28 SunSirs: The Propylene Market Slightly Increased in February
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