1、 Price trend

According to the business news agency’s block list data, this week’s domestic propylene (Shandong) market was mainly stable in the early stage, and declined at the weekend. At the beginning of the week, the price was 8114 yuan / ton, and at the end of the week, the price was 8043 yuan / ton, with a weekly decrease of 0.88%; On May 25 and 26, the weekly high price was 8119 yuan / ton, with a weekly amplitude of 0.93%.

2、 Analysis and comment

According to the price chart of the business association, the propylene price in Shandong continued to rise in the first ten days of April, fell sharply in the last ten days, and remained stable at the end of the month. During the May Day period, the first two days continued to be stable. From the 3rd to the 7th, the daily price rose by about 50 yuan / ton. From the 9th, the price was mainly stable. After a small rise on the 13th, the price was stabilized again. From the 17th, the daily price began to decline by 50 yuan / ton. On the 19th and 20th, the price of propylene dropped by about 100 yuan / ton. From the 23rd, the price of propylene rose by 50 yuan / ton. From the 25th, the price continued to stabilize. On the 27th, the price of individual manufacturers dropped slightly, Today, the whole line finally dropped slightly. The current market transaction is between 8000-8200 yuan / ton, and the mainstream price is about 8000 yuan / ton. On May 27, the US propylene price remained stable, while the Asian propylene price fell, which had a small negative impact on the propylene market. Propylene market inventory is not much, part of the unit maintenance is not over, no external quotation.

Recently, the international crude oil market has witnessed constant events, and the price fluctuates. The crude oil price rose slightly on May 27, which has limited impact on the propylene market.

This week, PP prices rose slightly and then stabilized, with a weekly increase of 0.39%. The futures market was general, with little impact on propylene.

This week, the price of acrylic acid remained stable, unchanged, and had no impact on propylene.

This week, the market of propylene oxide showed a ladder like decline, with a weekly decline of 6.07%, which had a negative impact on propylene.

Epichlorohydrin market this week after a small downward stable, weekly decline of 1.20%, little impact on propylene.

This week, the domestic n-butanol price showed a double peak trend, with no weekly rise or fall, and the weekly amplitude was 0.45%, which had limited impact on the propylene market.

This week, the price of isooctanol fell after rising, with a weekly increase of 0.23% and a weekly amplitude of 1.13%. The impact on propylene was also limited.

Isopropanol prices continued to fall sharply this week, with a weekly drop of 8.94%, which had a negative impact on propylene.

This week, the market price of phenol in East China also showed a step-by-step decline, with a weekly decline of 3.49%, which had a small inhibitory effect on propylene.

This week, the quotation of acetone manufacturers in East China market dropped sharply and then stabilized, with a weekly decline of 11.45%, which also has a great effect on propylene suppression.

This week, the market price of acrylonitrile rose slightly and then fell, with a weekly decline of 0.14% and a weekly amplitude of 0.28%, which had little impact on propylene.

3、 Future forecast

Propylene analyst of business society Chemical Branch said: Overall, domestic inventory is still small, some units are overhauled, enterprises suspend quotation, crude oil market rises slightly, some downstream units resume work slightly, the market is stable or empty, some downstream downtrend is obvious, propylene is expected to continue to fall slightly.