1、 Price trend
| Benzalkonium chloride |
According to the data monitoring of the Business News Agency, the domestic propylene (Shandong) market rose steadily this week, and the refinery tentatively pushed it up. The average price of the Shandong market at the beginning of the week was 7246 yuan/ton, and the average price at the weekend was 7330 yuan/ton, with a weekly increase of 1.16% and a year-on-year decrease of 6.51%.
As of January 13, the mainstream prices of propylene in domestic regions are as follows:
Region/ January 13th
Shandong region/ 7300-7400 yuan/ton
Northeast China/ 6900-7000 yuan/ton
East China/ 6900-7200 yuan/ton
2、 Analysis and comment
According to the monitoring of the data of the Business News Agency, the propylene market in Shandong rose steadily this week. The downstream stock was prepared before the festival, and there was a wave of purchase peaks. The transaction atmosphere improved. The upstream stock was smooth, the inventory was effectively removed, and the price was tentatively pushed up. At the same time, cost support increased, further boosting market prices.
Upstream: The recent cost performance has been strong, especially for crude oil and propane. The price of propane has risen continuously since January. As of January 13, the average price of propane in Shandong market has risen to 5950 yuan/ton, up 17.07% from the beginning of the month. The crude oil price continued to rise in the week. As of the close on January 12, the WTI rose 0.98 to $78.39/barrel in February 2023, up 1.26%; In March 2023, Brent rose 1.36 to US $84.03/barrel, up 1.64%. Under the forced support of the cost side, the propene inflation power increased.
| ferric sulfate (Poly ferric sulphate) |
Downstream: The price of some downstream products rose slightly under the boost of the downstream pre-season stock. Polypropylene market is relatively stable, but the market is facing the Spring Festival holiday in the future, and the trading volume is beginning to turn weak. It is expected that the weak market will be sorted and operated in the future.
3、 Aftermarket forecast
Propylene analysts from the Chemical Branch of the Business Society believe that the Spring Festival is approaching, the downstream replenishment is approaching the end, and the procurement has also been reduced. Supported by the cost, it is expected that the propylene market in Shandong Province will operate steadily in the near future.
| http://www.lubonchem.com/ |