Price Trend
According to the data of business associations, the domestic propylene (Shandong) fell sharply in March and then fell again. The propylene market fell sharply in the first half of the month, with an amplitude of more than 10%. After stabilizing in the second half of the month, the price of propylene fell again. At the beginning of the month, the average price of enterprises was 7290 yuan/ton, and at the end of the month, it was 6995 yuan/ton, with a monthly decline of 4.05%. This month’s high price appeared on March 18, 7 300 yuan / ton; this month’s low price appeared on March 9 and 10, 6 630 yuan / ton, with a monthly amplitude of 10.11%.
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II. Analytical Review
Products: This month, Shandong propylene market experienced two sharp declines, today’s narrow downturn, the current market mainstream transactions are still around 6900-7100 yuan/ton. Some refineries are willing to pay a fair price, but other refineries are not able to deliver goods smoothly. Recently, the overhaul of propylene plant is coming. Wanhua PDH plant will stop for overhaul on April 1, 2019. It is estimated that the overhaul will last about 20 days, which will have an impact on propylene production.
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Industry chain: Upstream, crude oil price shocks have little impact on propylene. On the downstream side, there are more stocks in the downstream and replenishment on demand.
3. Future Market Forecast
Propylene analysts from the business and social chemical branch believe that in general, the price of propylene shook sharply in March. Now the buyers and sellers are playing games with each other, and the price gap between the high and low ends of the market is large. It is expected that the short-term price of propylene in Shandong will continue to run in a disadvantaged way.
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