1、 Price trend
| POLYVINYL ALCOHOL |
According to the data monitoring of the Business News Agency, the domestic propylene (Shandong) market fell this week. The average price of the Shandong market at the beginning of the week was 7623 yuan/ton, and the average price at the end of the week was 7558 yuan/ton, with a weekly decrease of 0.85% and a year-on-year decrease of 9.05%.
As of February 10, the mainstream prices of propylene in domestic regions are as follows:
Region/ February 10th
Shandong region/ 7500-7600 yuan/ton
Northeast China/ 7200-7300 yuan/ton
East China/ 7550-7650 yuan/ton
2、 Analysis and comment
According to the monitoring of the data from the Business News Agency, the propylene market in Shandong Province weakened this week. At the beginning of the week, due to the obvious rise of crude oil, the news boosted the market mentality, and the price of propylene increased slightly in a stable manner, but the downstream delivery capacity was general. The cost side has been boosted and strengthened, but the downstream demand has been constrained, the upstream goods are moving slowly, the inventory is increasing, and the enterprise’s price has been slightly adjusted. As of this Friday, the mainstream quotation of Shandong propylene market is 7500-7600 yuan/ton.
| PVA 2699 |
Upstream: The crude oil price has rebounded significantly this week after many falls. As of the close of February 9, WTI fell 0.41 to 78.06 US dollars/barrel in March 2023, down 0.5%; In April 2023, Brent fell 0.59 to US $84.5/barrel, down 0.7%.
Downstream: The market of downstream derivatives was mixed this week, and the main downstream polypropylene had a poor trend recently, dragging down the rise of propylene.
3、 Aftermarket forecast
The propylene analyst of the Chemical Branch of the Business Society believes that under the condition of high cost and low demand, the profit of the propylene industry is further tightened, and the resistance to price rise is relatively large. It is expected that the propylene market will operate in a narrow range in the near future.
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