I. price trend
According to a large number of data in the list of business agencies, the domestic propylene (Shandong) market price has declined after rising recently, showing a peak trend. At the beginning of the week (November 11), the average price of enterprises is 7321 yuan / ton. On Wednesday and Thursday, the average price of enterprises is 7399 yuan / ton. At the end of the week (November 17), the average price of enterprises is 7316 yuan / ton, with a weekly decrease of 0.06% and a weekly amplitude of 1.13%.
II. Analysis and comment
Product: the price of propylene began to decline from the end of October. On the first day, it still fell by 50-100 yuan / ton. On the weekend, the price began to rise by 150-200 yuan / ton. On the sixth day, the price began to maintain stability. On the twelfth day, the price of the enterprise recovered. On the fourteenth, the price of the enterprise began to decline. At present, the market turnover is still around 7200-7550 yuan / ton, and the mainstream price is 7250 yuan / ton. Propylene inventory is still low.
Industry chain: upstream, the overall market of international crude oil market is relatively ideal, which has a certain positive effect on propylene. In the downstream, the demand for shutdown and maintenance of some downstream units in Shandong Province has decreased, which has a negative impact on propylene market.
Recently, PP spot market fell slightly, with a weekly decline of 0.59%, which had little impact on propylene.
The price of acrylic acid in China is stable this week, which has no impact on the price of propylene.
Propylene oxide has stabilized after a small rise in recent days, with a weekly increase of 1.03%. The market is average, which has a slight effect on propylene market.
However, epichlorohydrin prices continued to decline sharply this week, with a weekly decline of 9.22% and a daily decline of 11.45% from December to 13th. Its downstream epoxy resin restricted its market. In the short term, it was dominated by weak consolidation, which had a suppressive effect on propylene market.
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In recent days, the n-butanol market rose slightly, with a weekly increase of 1.36%, but it was not optimistic in the later stage, with limited impact on propylene.
Octanol prices fell slightly this week, down 0.95%, after the market or low consolidation, little impact on propylene.
Isopropanol prices rose this week by 3.93%, and may continue to rise in the future, but there is limited room to do so, which has a positive impact on propylene market.
Phenol market fell 2.07% this week, with weekly amplitude reaching 3.24%, which has a certain suppression effect on propylene.
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Acetone market was up 6.23% this week, and the focus continued to push up, which has a positive effect on propylene.
III. future forecast
According to the propylene analyst of the chemical branch of the business society, in general, the propylene market has declined after rising in recent days, generally maintaining stability. At present, propylene inventory is low, crude oil and PP market are still ideal, but some downstream units are shut down, so it is expected that propylene market price will still be lowered in recent days.
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