1、 Price trend
According to the data of the business club’s large list, the market price of propylene (Shandong) in China rose steadily in the first ten days of May, with the first ten days price of 5936 yuan / ton, and the last ten days price of 6264 yuan / ton, with an increase of 5.51%.
2、 Analysis and comment
Product: last month, Shandong propylene price soared and plummeted, and then remained stable again, and the market was stable. During the May 1st period, the price of propylene slightly increased by about 50 yuan / ton. On the 6th, the price increased by 100 yuan / ton again. On the 7th, 8th and 9th, the price increased by 50 yuan / ton continuously every day. On the 10th, some enterprises continued to increase by 50 yuan / ton. Now, the market transaction is between 6200-6400 yuan / ton, and the mainstream price is between 6200-6250 yuan / ton. Now propylene inventory pressure is not big, but foreign propylene may increase.
Industry chain: affected by the international situation, the international crude oil price rose significantly at the end of last week. Now, the crude oil still rose, but the trend slowed down. Influenced by the international events on August 8, the crude oil rose significantly again, which has a certain positive impact on the future market of propylene.
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Under the influence of public health events, the modified special material in PP was melt blown cloth material, and the price rose sharply in the early stage. At present, PP futures have returned to rationality. In the first ten days, PP spot has stepped up, with a 10 day increase of 3.30%, which has little impact on propylene.
In the first ten days, acrylic acid market declined, falling 5.53% in ten days, slightly negative impact on propylene.
In the first ten days, propylene oxide was up in shock, up 4.45% in ten days, which had a little positive impact on propylene.
In the first ten days, epichlorohydrin increased slightly after the decline, with a ten day drop of 0.66% and a ten day amplitude of 1.35%, which had little effect on propylene.
In the first ten days, the domestic price of n-butanol continued to rise, with an increase of 4.03% in ten days, which had a slight positive impact on propylene.
In the first ten days, octanol market also fluctuated upward, up 4.72% in ten days, which also had a small positive impact on propylene.
Affected by the epidemic situation, the isopropanol market, as one of the raw materials of foreign disinfectants, has finally stopped rising and falling since the end of last month. After falling in the first ten days of this month, the market has remained stable, falling by 7.86% in ten days and 8.93% in ten days, which may have a negative impact on propylene.
Phenol Market in Shandong Province rose sharply in the first ten days, up 11.45% in ten days, which had a significant positive impact on propylene.
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The acetone market in Shandong also rose sharply in the first ten days, with an increase of 9.47%, which also had a significant positive impact on propylene.
3、 Future forecast
According to the propylene analyst of the chemical branch of business society, on the whole, the international crude oil market has a positive support, and the price has been rising for many times, which has a certain supporting effect on propylene. While the downstream market is mostly rational, but the operating rate slightly increased, isopropanol market continued to decline, phenol and acetone market rose significantly. The current inventory pressure is not big, but external propylene may increase, and it is expected that the price of propylene will increase slightly in recent days.
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