1、 Price trend

According to the data of the bulk list of business cooperatives, the domestic propylene (Shandong) market changed from a weak one in September, and the price rose all the way. The market was at 7100 yuan/ton at the beginning of September, and the average price at the end of the month was 7620 yuan/ton, with a monthly decline of 7.32%,

2、 Analysis and review

According to the price chart of the business community, the mainstream price of propylene (Shandong) market was 7600-7700 yuan/ton as of the press release, the contradiction between supply and demand in the market was weakened, and the price of propylene stopped falling and rising. The supply and demand pressure in the northern market has eased, the downstream demand market has recovered, and the profitability of a variety of downstream derivatives has increased, which has boosted the start of construction and boosted the focus of the propylene market. In order to stabilize the price, the price adjustment is mainly small and frequent, and the downstream acceptance is acceptable, providing support for the price rise.

The industrial chain of propylene industry is mainly rising. On the cost side, crude oil shocks and declines. The prices of propane, naphtha and liquefied gas all fall to varying degrees. Although methanol is unique in cost, the propylene industry is still in a loss state. The negative impact of weakening support on propylene prices is relatively weakened. Demand side: Most downstream derivatives prices rose this month, with some rising by more than 10%. The overall downstream improved significantly, which played a great supporting role in propylene prices. However, the polypropylene market is relatively general. As the main downstream of propylene, the polypropylene market is weak, limiting the rise of propylene to a certain extent.

3、 Future market forecast

According to the propylene analysts from the Chemical Branch of Business Cooperative, the production and sales of propylene industry will increase in October. The release of new propylene capacity will be accompanied by the production of new downstream capacity. It is expected that the short-term market of propylene will continue to rise.