Commodity News
SunSirs: Demand Was Weak and Propylene Market Declined
August 25 2023 09:20:00 SunSirs (John)
Price trend
On August 24th, the propylene market in Shandong fell weakly, with mainstream prices dropping to 6,600-6,650 RMB/ton, a decrease of 50-100 RMB/ton compared to the previous trading day.
Analysis review
It is reported that the propylene market had further declined, upstream sales were poor, inventory accumulated, and transaction focus continued to shift downward. The downstream polypropylene futures market remained weak, with cautious procurement and 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.
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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