1、 Price trend
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According to the bulk list data of business society, the domestic propylene (Shandong) market price was under pressure this week. At the beginning of the week, the market was 7775 yuan / ton, and the weekend average price was 7617 yuan / ton, down 2.04%.
2、 Analysis and review
According to the price chart of business society, at the beginning of September, the propylene market was not as expected. At present, the mainstream price of propylene in Shandong market is 7600-7620 yuan / ton. Due to the lack of gas in the downstream, propylene enterprises have increased the pressure to sell goods and give up profits. Overseas, hurricane IDA hit the Americas, which is expected to affect the propylene production capacity of 3.35 million tons (accounting for 15% of the United States). Some Asian goods flow to the Americas, easing the pressure of supply and demand in Asia.
As of the closing on September 2: in October, WTI rose 1.40 to USD 69.99/barrel, or 2%; Brent rose 1.44 to $73.03 a barrel in November, up 2%. Sc2110 fell 1.4 yuan / barrel to 438.9 yuan / barrel. Crude oil fluctuated upward this week, with an increase of 1.82% during the week.
Polypropylene was under pressure this week, the market was in a stalemate, and the terminal demand support was insufficient, with a decrease of 0.2% during the week.
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Acrylic acid continued to decline this week, with light demand performance, low enthusiasm for downstream market entry, more cautious wait-and-see, and the focus of market negotiation decreased, with a decrease of 3.28% during the week.
This week, the price of isopropanol fell due to the reduction of raw material cost, with a decrease of 4.37% during the week.
Judging from the rise and fall of this week, propylene is greatly affected by the demand for downstream products. Due to poor demand, enterprises are willing to give up profits and take away goods.
3、 Future forecast
Propylene analysts from the chemical branch of business society believe that crude oil is weak and volatile, and the demand side needs to be improved. It is expected that the propylene market will be weak and volatile in the near future.
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