1、 Price trend

According to the data monitoring of the business community, the domestic propylene (Shandong) market price continued to rise this week. The average price of the Shandong market at the beginning of the week was 7320 yuan/ton, and the average price at the weekend was 7434 yuan/ton, with a weekly increase of 1.56%, up 3.77% from 30 days ago.

2、 Analysis and review

According to the monitoring of the business community, as of this Friday, the mainstream quotation in the propylene (Shandong) market was 7400-7450 yuan/ton, and the enterprise’s offer was raised one after another. The market was active. With the help of Jinjiu market, the propylene sales improved and the inventory decreased. The supply remained stable, and the maintenance devices were intended to resume operation in succession. In terms of demand, the market of downstream derivatives improved, the enthusiasm for production increased, and the purchase of propylene increased.

Upstream: The raw material market fell mainly this week, but by a small margin, with limited impact on propylene prices.

Downstream: almost all downstream products rose. Driven by the peak season of the chemical industry, product profitability rebounded and productivity improved, forming a strong support for the propylene market.

3、 Future market forecast

According to the propylene analyst of Chemical Branch of Business Cooperative, the current market supply is still loose, and most enterprise offers follow the trend of the market. There is a slight lack of momentum for future market growth. It is expected that the propylene price will fluctuate in a narrow range in the near future.