1、 Price trend

According to the bulk list data of business society, the domestic propylene (Shandong) market price rose slightly this week. At the beginning of the week, the market price was 7703 yuan / ton, and the weekend average price was 7748 yuan / ton, an increase of 0.6%.

2、 Analysis and review

According to the price chart of business society, propylene prices rose slightly this week. The mainstream price in Shandong market was 7700-7750 yuan / ton, which changed little compared with last week. Due to the continuous decline of crude oil price, there are many obstacles to the rise of propylene price, the overall market trading is stable, and the downstream demand is stable, which plays a great supporting role in propylene.

As of the closing on August 19: in September, WTI fell 1.77 to US $63.69/barrel, down 2.7%; Brent fell 1.78 to $66.45 a barrel in October, down 2.61%. Sc2110 fell 7.3 yuan / barrel to 417.3 yuan / barrel. Oil prices fell for six consecutive trading days, hitting a low since May, down 7.22% during the week.

Polypropylene prices rose or fell little this week, the demand of terminal enterprises continued to be insufficient, and the operation of hoarding goods in advance in peak season has not been started. The operating rate was low, and the supply side was slightly positive, with an increase of 0.2% during the week.

Acrylic acid operated at a high level this week, and the price rose to a high level. The resistance of the downstream to high priced raw materials increased gradually. The enthusiasm for inquiry was general. It was just needed to purchase, and the wait-and-see atmosphere was strong, with an increase of 0.21% during the week.

Isopropanol stopped falling and rose this week. The price of acetone, the raw material of acetone process, rose by nearly 10%, and the price of isopropanol rose accordingly, with an increase of 10.78% during the week.

This week, the price of isooctanol fell, the enthusiasm for downstream procurement weakened, isooctanol units started one after another, and the supply increased, with a decrease of 2.38% during the week.

3、 Future forecast

Propylene analysts at the chemical branch of business society believe that the oil price has dropped sharply, the cost support is weak, and the demand remains stable. It is expected that the propylene price will enter a downward channel in the short-term future.