SunSirs: The Propylene Market Fluctuated and Rose This Week (August 14-18)
August 21 2023 14:02:24 SunSirs (John)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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- 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
