The short-term consolidation of high-end propylene

[comment] Reported, the recent market focus shifted to propylene.

Yesterday (March 22nd), East China price range in 5600-5900 yuan / ton, Shandong area price in 5850-5950 yuan / ton, 5700 yuan / ton in Southern China area.

International: South Korea has yet to restart the disk device maintenance, supply pressure is, as of March 21st, South Korea FOB closed at $655 / ton, to close at $710 / ton CFR China.

Domestic: inventory control, external supply of goods is not much, the overall supply pressure. The Shandong market slightly pull up talks focus industry steady watching cautiously.

Downstream products: stable follow-up, PP, epoxy propane still maintain the upward trend, but the downstream plant cost pressures still exist.

Is expected in the short term high propylene consolidation.

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