Commodity News
SunSirs: Support from Positive Factors Was Insufficient, and the Propylene Market Was Weakly Consolidated
September 22 2023 10:31:12 SunSirs (John)
Price trend
On September 21st, the Shandong propylene market was consolidated, with some factories making minor adjustments. The mainstream quotation in the Shandong market was 7,300-7,330 RMB/ton.
Analysis review
International oil prices and polypropylene futures prices had fallen, with bearish news, which suppressed the market confidence. There was not much inventory pressure on the market, and there was a strong willingness for upstream price supporting. The market lacked guidance on positive news.
Market outlook
It is expected that the propylene market will be mainly weakly consolidated 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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