1、 Price trend
According to the Commodity Market Analysis System of Business Society, the domestic propylene (Shandong) market rose sharply this week. The average price of the Shandong market at the beginning of the week is 7175 yuan/ton, and the average price on the weekend is 7338 yuan/ton, with a weekly increase of 2.26% and a year-on-year decrease of 1.38%.
As of September 15th, the mainstream prices of propylene in different regions in China are as follows:
Region/ September 15th
Shandong region/ 7350-7400 yuan/ton
Northeast region/ 6950-7050 yuan/ton
East China region/ 6900-7000 yuan/ton
2、 Analysis and Review
According to the Commodity Market Analysis System of the Business Society, the propylene market in Shandong has surged sharply this week. This week’s demand is good, downstream devices are resuming work, and demand is clearly pulling. Upstream goods are flowing smoothly, inventory has dropped to a low level, and propylene prices are driving up in line with the trend. During the cycle, crude oil prices have strengthened from weak to strong, with stronger news support, boosting market confidence.
3、 Future Market Forecast
Propylene analysts from the Chemical Branch of the Business Society believe that there are plans to restart units in the future region, and supply is expected to increase. The demand side remains stable, and it is expected that there will be little room for propylene to continue rising next week, with a narrow consolidation operation.