1、 Price trend

According to the data monitoring of business agency, the domestic propylene (Shandong) market price stopped falling and rose this week. At the beginning of the week, the market price was 7425 yuan / ton, and the weekend average price was 7427 yuan / ton, an increase of 0.02%.

2、 Analysis and review

According to the price chart of business society, Propylene (Shandong) prices remained stable as a whole this week, with slight adjustments made by individual factories. As of Friday, propylene prices in Shandong market were 7400-7450 yuan / ton, which was basically the same as that at the end of last week. Most of the raw materials purchased by downstream factories were just needed, the market was in a strong wait-and-see mood, the overall demand for propylene was general, the supply of goods in the field was sufficient, and there was great pressure on enterprises to take goods.

Upstream: except for crude oil, liquefied gas, methanol and propane all fell to varying degrees, and the cost support is weak.

Downstream: downstream products are mixed, but near the end of the year, some products have shutdown plans, and the demand may be tightened.

3、 Future forecast

Propylene analysts from the chemical branch of business agency believe that the propylene market is currently in a stalemate, the future demand forecast is general, and the propylene is expected to fluctuate downward in the short-term future.