in 2017, “cool”, from propylene market focus on price dropped to 8000 yuan / ton. The main factors of propylene market decline is the downstream market demand weakened, while the price of crude oil fell on Monday and Tuesday the bad market mentality, Shandong propylene mainstream price fell to 7650-7700 yuan / ton, the market fell to 7250 yuan / ton.

Downstream market trend

Since the beginning, downstream products of propylene polypropylene powder, acrylic acid and octanol market have different degrees of decline. As of now, the polypropylene powder Market in Shandong mainstream transaction price from 8500-8600 yuan / ton at the beginning of the month fell to 8250-8230 yuan / ton. Octanol from the East China market 7550-7650 yuan / ton fell to 7300-7350 yuan / ton. Acrylic acid market of East China from 11000-11500 yuan / ton fell to 10800-11000 yuan / ton.

A substantial decline in the market price of polypropylene, mainly affected by the impact of futures prices continued to decline and sluggish downstream demand, the polypropylene futures prices fell below 5300 on Tuesday after less than 5270 near the support, the overall weak downward trend. In addition, overnight crude oil prices fell sharply, polypropylene powder market continues steady profits, discuss the market trading atmosphere deserted, weak. Downstream factory cautious purchasing, trading volume. Octanol market volatility continues weak, some factories of late transprovincial transportation deposit fears, shipping more positive, more low-cost trading market in Shandong. Acrylic finishing, weak market trading volume to discuss the weak light. Part of the terminal users also exist before stocking the plan, but many are still waiting for the time.

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