According to the bulk list data of Business Society, the domestic propylene (Shandong) market rose first and then fell in April, with low volatility at the end of the month. At the beginning of April, the market was at 7138 yuan/ton, and on April 27th, the average price was 7098 yuan/ton, a monthly decrease of 0.56%, a decrease of 15.54% compared to the same period last year.

As of April 27th, the mainstream prices of propylene in different regions in China are as follows:

Region/ April 27th

Shandong region/ 7030-7050 yuan/ton

Northeast region/ 6650-6700 yuan/ton

East China region/ 7000-7050 yuan/ton

In the first half of April, propylene fluctuated and rose mainly, with a significant jump in crude oil prices at the beginning of the month and continued to rise. The positive cost side drove up propylene prices. At the same time, some devices in Shandong region have been shut down for maintenance, and supply has been tightened, driving the continuous rise in propylene prices. In the second half of April, international oil prices fell and propylene prices rose to high levels. There was a strong atmosphere of resistance in the downstream, and trading turned weak. Propylene companies sold out and the market continued until the end of the month. As of April 26th, the mainstream quotation in the Shandong propylene market is 7030-7050 yuan/ton.

On the cost side: In April, the prices of upstream propylene products have fluctuated, while the prices of propane and methanol continue to decline. The prices of liquefied gas and naphtha have increased, but their support for propylene is limited. On the demand side: downstream derivatives of propylene have seen more declines and less gains, while the main downstream polypropylene is generally weak. Other downstream products have performed average, and the demand side remains strong.

Propylene analysts from the Chemical Branch of the Business Society believe that the current propylene market is dominated by demand, and the downstream procurement atmosphere is relatively weak. The upstream market is expected to enter May due to a weak and volatile short-term market.