SunSirs: Weak Transaction, Weak Decline in Propylene
July 12 2023 10:27:50 SunSirs (John)
Price trend
On July 11th, the propylene market in Shandong fell weakly, with mainstream home prices dropping to 6,200-6,250 RMB/ton, a decrease of 200-250 RMB/ton compared to last Friday.
Analysis review
It is understood that due to the high prices in the early stage, the downstream transaction atmosphere was weakened, leading to a decrease in upstream sales. In order to stimulate sales, propylene prices were significantly reduced, downstream purchasing willingness had increased, and trading volume had increased. However, the market lacked effective positive signals to stimulate sales.
Market outlook
It is expected that the propylene market will continue to operate weakly in the short term.
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- 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
