SunSirs: This Week, the Propylene Market Rose First and Then Stabilized (December 11-15)
December 19 2023 15:17:34 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the domestic propylene (Shandong) market saw a slight increase this week (12.11-12.15). The average price in the Shandong market at the beginning of the week was 6,968 RMB/ton, and the average price over the weekend was7,010 RMB/ton, with a weekly increase of 0.61% and a year-on-year decrease of 8.53%.
Analysis review
According to the commodity market analysis system of SunSirs, the propylene market rose first and then stabilized this week. During the week, crude oil prices rose on the news side, boosting confidence among businesses. At the same time, downstream devices have gradually resumed operation, and demand has also increased, further boosting the market. After the upstream actively pushed up, the market returned to stability.
Market outlook
The propylene analyst from SunSirs believes that there would be limited changes in the supply of propylene in the short term, and the demand side will gradually return to stability. It is expected that the propylene market will remain stable and weak next week.
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- 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
