1、 Price trend
| Azodicarbonamide (AC foaming Agent) |
According to data monitoring by the Business News Agency, the domestic propylene (Shandong) market was in a weak downward trend this week, with an average price of 7176 yuan/ton at the beginning of the week and 6972 yuan/ton at the end of the week, a weekly decrease of 2.84% and a year-on-year decrease of 17.08%.
As of March 24, the mainstream prices of propylene in various regions in China are as follows:
Region February 24th
Shandong region 6900-7000 yuan/ton
Northeast China 6700-6800 yuan/ton
East China 7150-7250 yuan/ton
2、 Analytical Review
According to data monitoring by the Business News Agency, the propylene market in Shandong was weak and downward this week, with prices in northern regions falling below 7000 yuan/ton. During the week, both crude oil and propane prices fell to varying degrees, with significant cost side bearish constraints. At the same time, there was a strong wait-and-see atmosphere on the market, resulting in sluggish upstream shipments, inventory accumulation, and a continuous downward shift in the focus of market transactions. As of this Friday, the mainstream quotation in the Shandong propylene market was 6900-7000 yuan/ton.
| povidone Iodine |
This week, the overall weakness of the propylene industry chain, and the price of some products at the cost end fell to a low level, may cause a slight rebound in the future. The start-up of some downstream product units for propylene at the demand end is not high, and the procurement of propylene is weakened.
3、 Aftermarket Forecast
Propylene analysts from the Chemical Branch of the Business Society believe that the current propylene price has fallen to a low level, and some downstream devices have plans to restart, which may stimulate the propylene market. It is expected that a small rebound in propylene will be more likely in the short-term future.
| http://www.lubonchem.com/ |