1、 Price trend

 

According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price experienced two and a half rounds of ups and downs this month, which was 6643 yuan / ton at the beginning of the month, 6845 yuan / ton at the end of the month, with a monthly increase of 3.04%; the monthly high price appeared on June 4, with a monthly price of 6906 yuan / ton, and the monthly low price appeared on June 13, with a monthly amplitude of 5.91%.

 

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2、 Analysis and comment

 

At the beginning of June, Shandong propylene market increased by about 250 yuan / ton in a week, and the price in the middle of June showed an obvious correction, with a cumulative decrease of 350 yuan / ton in the seventh day of the second week. From June 14 in the middle of the month, the price stopped falling again and rose again. Last Friday, June 19, the price had risen 350-450 yuan / ton. The price remained stable at the weekend, falling about 250 yuan / ton from the 22nd to 26th. After the Dragon Boat Festival holiday, the price rose again from the 27th, and has risen by 250 yuan / ton today. The market transaction is between 6750 and 7050 yuan / ton, and the mainstream price is about 6850 yuan / ton. At present, the pressure of propylene manufacturers is small, and there are many sets of devices to transmit maintenance information.

 

On the upstream side, crude oil prices have declined slightly in the near future, but the future market is still bullish, and the overall situation is fair, which still has a pulling effect on propylene.

 

PP market at the beginning of this month has been generally stable after a small rise, with a monthly increase of 2.61%, which has little impact on propylene.

 

This month, the price of acrylic acid showed a step downward trend, with a monthly decline of 10.47% and a monthly amplitude of 11.15%, which had a negative impact on propylene.

 

Propylene oxide market continued to rise in the first half of this month, while it fluctuated slightly in the second half of this month, with a monthly increase of 12.31% and a monthly amplitude of 13.48%, which had a slight positive impact on propylene.

 

Epichlorohydrin fluctuated this month, with a monthly decline of 5.72%, which had a small negative impact on propylene.

 

Isopropanol, as one of the raw materials of foreign disinfectant, has been rising continuously in the first ten days of this month, while the price in the middle and last ten days is fluctuating and declining, with a monthly increase of 1.30% and a monthly amplitude of 21.16%, which may have a negative impact on propylene.

 

The domestic n-butanol price fluctuated and stabilized in the first half of this month, and continued to rise in the second half of this month, with a monthly increase of 6.89% and a monthly amplitude of 9.51%. It is reported that the operating rate of butanol is relatively high recently, which is good for the propylene market.

 

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Octanol market rose steadily this month, with a monthly increase of 12.75%, and the operating rate was higher, which also had a positive impact on propylene.

 

The price of phenol in the East China market rose rapidly in the first ten days, remained stable in the middle of the year, and continued to stabilize after a small drop in the last ten days, with a monthly increase of 9.63% and a monthly amplitude of 15.56%.

 

The market trend of acetone in East China is similar to that of phenol. In the first ten days, the price of acetone rose rapidly, and remained stable in the middle of the year. In the last ten days, it continued to stabilize after a small drop, with a monthly increase of 16.06% and a monthly amplitude of 30.42%, which had a significant impact on the favorable effects of propylene.

 

3、 Future forecast

 

According to propylene analyst of chemical branch of business agency: in a comprehensive view, although the price of crude oil in the international crude oil market has been slightly reduced, the future market is still ideal, which has a certain positive effect on propylene. Downstream prices have been up and down, but the operating rate is ideal, trading is more active, manufacturers’ inventory pressure is small, and some units are out of service. Therefore, it is expected that propylene prices may still rise in recent days.

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