1、 Price trend

 

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According to the data monitoring of the business community, the domestic propylene (Shandong) market has risen for four consecutive times. The average price of the Shandong market at the beginning of the week is 7090 yuan/ton, and the average price at the weekend is 7330 yuan/ton, with a weekly increase of 3.38%, down 5.9% from 30 days ago.

 

As of November 11, the mainstream prices of propylene in different regions in China are as follows:

 

Region., November 4

Shandong, 6950-7050 yuan/ton

Northeast China, 6600-6800 yuan/ton

East China, 7050-7100 yuan/ton

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 7300-7400 yuan/ton. During the price increase period, goods were delivered smoothly on the market, and downstream demand was the main demand. The market trading and investment atmosphere is fair, and the enterprise inventory is controllable. During the week, some units in Shandong stopped and the supply decreased, which was good for the rapid rise of the Shandong market. At the same time, downstream trading and investment were active. With the price rising many times, the atmosphere of downstream trading and investment began to weaken, and the market price stopped rising and stabilized on Friday.

 

Upstream: crude oil prices fell for three consecutive weeks this week. As of the end of November 10, WTI rose 0.64 to 86.47 dollars/barrel in December, up 0.74%; In January, Brent rose 1.02 to 93.67 dollars/barrel, up 1.10%. Although there was a rebound over the weekend, the decline was greater than the increase. The overall price of raw materials is weak, and the market supply of methanol increased due to the recovery of early maintenance devices and load reduction devices. However, in terms of demand, most of them were purchased on demand, and the price of methanol fell sharply due to the imbalance between supply and demand. Weak cost support, dragging down propylene prices.

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Downstream: Some downstream products gave up their gains, and the n-butanol market started to fall back from a high point. This week, the gains were mainly digested. Polypropylene market is weak. Under the restriction of demand, the strengthening futures and rising costs have limited impact on it. Propylene oxide has little price fluctuation supported by propylene cost.

 

3、 Future market forecast

 

According to propylene analysts from Chemical Branch of Business Cooperative, the contradiction between supply and demand brought about by the rising market this week will gradually become prominent, and the downstream will start to show a wait-and-see attitude. In addition, with weak cost support, it is expected that propylene will continue to rise in the later period, with little feasibility, mainly consolidation.

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