At the end of August, after the phenol market rose 100-150 yuan / ton in late August, the support was insufficient, and the pressure of shippers was highlighted. The phenol Market Center of gravity was weak near the end of August. According to the monitoring data of business agency, on August 21, 2020, the average offer of phenol Market in China was 5600 yuan / ton, and 5600 yuan / ton in national market was the mainstream quotation trend. So far, the average offer of phenol Market in China on August 28 was 5487 yuan / ton, including 5400-5450 yuan / ton in East China and 5450-5600 yuan / ton in other regions. Generally speaking, the phenol Market in late August decreased by 2.1% In the end of August, the phenol Market weakened and the decline ended.

Trend chart of phenol average price in national market

Trend chart of phenol commodity index in East China (factory offer)

At the end of August, the overall market weakened, mainly due to the sluggish demand for terminals under sufficient supply and the poor procurement of terminal factories, which just needed to be followed up, and the market confidence was not optimistic. However, the domestic phenol Market is relatively sufficient, and it is still difficult to break through the bottleneck under the game of supply and demand.

At present, the domestic phenol ketone plant is operating at a high level. After Sinopec’s three well unit resumed production on the 24th, the average operating rate of phenol and ketone plants in China is as high as 95%. The phenol ketone plant of Zhejiang Petrochemical Company has also started production. Although the material has not yet been discharged, the overall supply side is sufficient. Near the end of the month, the port arrival volume is relatively sufficient, and the shipping time from Saudi Arabia, Singapore, Thailand and South Korea is relatively concentrated. It is expected that about 8000 tons of ships from Saudi Arabia will arrive at the port in early September. Although the port inventory is not at a high level, under the full supply side, the carrier’s shipment will decline in a narrow range.

From the downstream demand side, the upward space of bisphenol a market at the end of the month is relatively objective, and the current unit operating rate is expected to rise to 70%. Among them, Sinopec No.3 well unit will resume its restart on the 24th, and Lihua yiweiyuan 240000 ton unit is expected to resume production at the beginning of next month, and the phenol supply from these two companies is expected to decrease.

At present, the 150000 T / a phenol ketone plant of Bluestar Harbin is planned to be overhauled in early September, and the production is expected to resume after the 11th National Day. Generally speaking, the domestic phenol ketone plant is still operating at more than 90%. In the short term, the port replenishment is relatively sufficient. Although the unloading is delayed due to typhoon, the port inventory is expected to increase in the short term. In the end, there is no significant benefit from the phenolic resin plant The start-up is stable and the market demand is narrow. In the adjustment space, the overall situation is relatively stable. The downstream bisphenol a market is higher due to the product supply side, but the support for phenol is not strong.

From the perspective of business agencies, the phenol Market at the end of August was weak, and it was difficult to get rid of the current situation in the short term. Under the support of sufficient supply, the demand was not stimulated. At present, due to the support of the cost, the factory also limited the shipment to maintain the market situation. It is expected that the short-term phenol market will be slightly negative, and the phenol Market in East China will fall in a narrow range at the end of August, and the price space in East China is expected to be 5300-5400 yuan / ton.

Trade name: sulfuric acid

Latest price (August 26): 385.00 yuan / ton

On August 26, the market price of sulfuric acid in Shandong Province fell, 37.50/t, or 8.88%, compared with the price quoted on August 24. Although the upstream sulfur market has risen slightly recently and the cost support is good, the downstream purchasing enthusiasm is general and the sulfuric acid supply is normal.

Recently, the market price of sulfuric acid in Shandong Province may fluctuate slightly, and the quotation is about 380 yuan / ton.

1、 Price trend of epichlorohydrin

(Figure: P value curve of epichlorohydrin product)

2、 Market analysis

Epichlorohydrin market prices rose slightly this week. As of August 23, the average price quoted by epichlorohydrin enterprises was 10533.33 yuan / ton, up 2.6% compared with the beginning of the week, and 7.48% higher than that of July 23, according to the data of the bulk list of business associations. On August 23, the epichlorohydrin commodity index was 74.39, which was flat with yesterday, decreased by 44.36% from 133.71 point (October 29, 2019), and increased by 58.78% from 46.85 point, the lowest point on September 07, 2016. (Note: period refers to 2011-09-01 to now)

At the beginning of the week (August 17), supported by the high price of raw material propylene and tight supply, the carrier made an offer, and the average quotation price of epichlorohydrin enterprises was 10266.67 yuan / ton. On the 19th, the market price of raw material propylene rose slightly, but the downstream inquiry enthusiasm was not high, and small orders just needed to be replenished. The market continued to wait-and-see attitude. On the 21st, the atmosphere of real offer negotiation was general, some of which were in general The price of enterprises rose, and the price rose again to 10533.33 yuan / ton on the 22nd. At present, there is no inventory pressure on the spot, and there is no strong intention of low-cost goods holders. However, the downstream follow-up is insufficient, and there is a strong wait-and-see atmosphere.

According to the data monitoring of the business agency, the price of epichlorohydrin of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)

Enterprise market price specification date

Jinan Mingyu Chemical Co., Ltd. 10000 yuan / T national standard 99.9 2020-08-22

Jinan aochen Chemical Co., Ltd. 10200 yuan / T premium product; 99.9% Min: 2020-08-22

Aite (Shandong) new materials Co., Ltd. 9700 yuan / ton, excellent products; 99.9% Min: 2020-08-21

Jinan planhua Chemical Co., Ltd. 9700 yuan / T national standard 99.9 2020-08-21

Jinan Mingwei Chemical Co., Ltd. 9900 yuan / ton, excellent product; 99.9% Min: 2020-08-20

For upstream propylene, according to the data from the bulk list of business agencies, the domestic propylene (Shandong) market rose slightly this week (8.17-8.21), with the weekly low price of 6956 yuan / ton at the beginning of the week, and the weekly high price of 6978 yuan / ton at the weekend, with a weekly increase of only 0.33%. According to the price chart of business agency, the recent price of propylene fluctuates periodically, and the price range of recent fluctuation has broken through. At the beginning of August, the price was at the high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down. On the 5th, it has been stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month will be started. On the 11th, the prices of some enterprises will be generally stable. On the 14th, the prices of some enterprises will continue to decline. On the 17th, the prices will be stable, and on the 18th, they will rise partially Today’s price is flat again. The market transaction is still between 6950 yuan / ton and 7250 yuan / ton, and the mainstream price is about 6950 yuan / ton. Propylene manufacturers to ship smoothly, inventory pressure is small.

Downstream epoxy resin, on August 21, the downstream epoxy resin high-level finishing operation, the field supply is tight, high-level offer, downstream buyer operation is cautious, mainly purchase on demand.

According to the price monitoring of the business agency, there are 32 kinds of commodities in the chemical industry sector in the 33 weeks (8.17-8.21) list of commodity prices in 2020, among which 5 kinds of commodities with an increase of more than 5%, accounting for 5.6% of the total commodities monitored in this plate; the top three commodities that increased were TDI (10.53%), butadiene (10.30%) and acetone (7.56%). There were 21 kinds of commodities that declined on a month on month basis, and the top three products were styrene (- 2.22%), ethylene (- 2.14%) and crude benzene (- 2.12%). This week, all rose or fell 0.6%.

3、 Future forecast

Epichlorohydrin analysts of the business agency believe that in the near future, the price of raw material propylene has risen slightly, and there is no inventory pressure on the spot. It is not strong for the shipholders to lower the price, but the downstream follow-up power is insufficient. It is expected that in the short term, the epichlorohydrin market will be mainly organized and operated in a narrow range, and more attention should be paid to market information guidance.

1、 Price trend

This week, the factory price of urea in Shandong Province fell slightly. The quoted price dropped from 1766.67 yuan / ton at the beginning of the week to 1743.33 yuan / ton at the end of the week, down 23.34 yuan / ton or 1.32%, and 4.65% lower than that of the same period last year. On the whole, the urea market fell slightly this week, and the urea commodity index on August 21 was 81.09.

2、 Market analysis

From the manufacturer’s quotation, the mainstream urea factory price in Shandong this week fell slightly. At the end of this week, the price of urea in Yangmei plain was 1750 yuan / ton, which was 30 yuan / ton lower than that at the beginning of the week; the price of Shandong Ruixing urea was 1740 yuan / ton at the end of this week, 20 yuan / ton lower than that at the beginning of the week; the price of Mingshui urea was 1740 yuan / ton at the end of this week, 20 yuan / ton lower than that at the beginning of the week.

From the perspective of supply and demand, in terms of supply, the start-up of some domestic urea enterprises has continued to decline recently, and some maintenance enterprises have plans to resume production next week, and the start-up may slightly increase, but the overall operating rate has little fluctuation. In terms of demand, at present, domestic agricultural demand is in the off-season, the just demand is light, the market trading atmosphere is weakened, the middlemen are cautious in receiving goods, the starting load of downstream compound fertilizer and plate enterprises is not high, and there is no expectation of startup and improvement in the short term,

From the perspective of upstream and downstream industry chain, the upstream products of urea have been up and down this week as a whole: the price of liquefied natural gas (LNG) has dropped slightly from 2470.00 yuan / ton at the beginning of the week to 2406.67 yuan / ton at the end of the week, a decrease of 2.56%, 20.04% compared with the same period last year; the price of liquid ammonia rose slightly this week, from 3083.33 yuan / ton at the beginning of the week to 3133.33 yuan / ton at the end of the week, up 1.62% compared with last year Over the same period, the year-on-year decline of 2.08%, overall, this week’s urea cost support is weak. This week, the price of melamine downstream of urea rose slightly, rising by 3.11% from 5366.67 at the beginning of the week to 5533.33 yuan / ton at the end of the week.

3、 Future forecast

In late August, the market price of urea in Shandong was mainly fluctuated. Urea analysts from the business club believe that the current agricultural demand is low, the downstream industry is generally enthusiastic about urea procurement, and the market trading atmosphere is weakened. It is expected that the short-term urea market will mainly fluctuate and fall.

1、 Price trend

According to the monitoring of bulk commodity data, the price of Yungui yellow phosphorus was stable this week. The average price of yellow phosphorus is 15300 yuan / ton.

2、 Market analysis

This week, the price of yellow phosphorus market is mainly stable. Some enterprises in Yunnan have reduced their production load, and the driving situation in other areas is basically normal. At present, the market sales situation is fair, the downstream goods taking is more cautious, the market transaction situation is general, there is some tension in the spot, and the yellow phosphorus enterprises mainly support the price operation. Up to now, the market quotation in Yunnan is about 15000-15500 yuan / ton. The mainstream quotation in Guizhou is about 15000-15100 yuan / ton. The price of yellow phosphorus in Sichuan is about 15000-15500 yuan / ton. At present, the situation of yellow phosphorus driving around the country is general, and the manufacturers mainly issue early orders. From the perspective of yellow phosphorus price, yellow phosphorus enterprises mainly support price operation.

In terms of raw materials, this week, the quotations of many phosphate rock enterprises in Guizhou remain stable, the downstream purchasing market is general, and the shipment volume is general. At present, the quotation of 30% phosphate rock plate in Guizhou is around 280-340 yuan / T, and the actual price is mainly negotiated. Up to now, the price of coke has been mainly stable for the time being. The first round of increase has been fully implemented. The coking enterprises started higher, and the shipment was positive. The inventory of downstream steel mills was higher. The port inventory in Qingdao increased slightly and Rizhao was flat. The market focuses on the elimination plan of 4.3m coke oven in Shanxi area, and the market people are generally optimistic about the future market. It is expected that the coke market will mainly run at a high level in the short term. The market price of Panzhihua coke (secondary metallurgical coke) is 2030 yuan / T, which is flat compared with the previous trading day and the same as that of the same period last month. The price of the southwest market is relatively stable and fluctuates little.

In terms of demand, the downstream phosphoric acid market was light, and the price was basically unchanged compared with last week. The situation of phosphate start-up is general, and the market demand is general. The enterprises mainly maintain the orders of old customers. On the whole, the demand for yellow phosphorus is general.

3、 Future forecast

Chemical branch of the business club yellow phosphorus analysts believe that the market price of yellow phosphorus this week is stable. At present, there is no change in the yellow phosphorus start-up situation. The manufacturers mainly issue the early orders, and the yellow phosphorus enterprises mainly support the price operation. The downstream demand situation is general. It is expected that the price of yellow phosphorus will be stable in the short term.

1、 Price trend

The price of aniline in Shandong Province was 4200-4330 yuan / ton on August 14, and the price of aniline in East China was 4300-4500 yuan / ton, which was stable compared with last week.

2、 Analysis and comment

In terms of cost, the listed price of pure benzene on Sunday (August 16) was 3200-3400 yuan / ton (the average price was 3360 yuan / ton), and the average price was 80 yuan / ton, or 2.33% lower than last week. This week, some downstream units of pure benzene were overhauled in the north, and the supply of goods was sent to East China, and the downstream price reduction intention was obvious. External market weakness, coupled with Sinopec listing price down 100 yuan / ton to 3350 yuan / ton, the bottom support weakened, this week pure benzene fell significantly. This week, pure benzene port inventory rose slightly, still waiting for unloading, inventory high.

The price of nitric acid in East China fell to 1516.67 yuan / ton on August 14, 16.66 yuan / ton or 1.09% lower than last week.

At present, aniline is in a deficit state, and the downstream demand is difficult to improve in the short term, and the enterprises may reduce the negative insured price.

3、 Future expectations

In terms of cost, crude oil and external market trend downward, downstream price reduction intention is obvious, port inventory remains high, bottom support is weakened, and pure benzene is expected to continue to decline next week.

At present, there are many stops in aniline plant, the supply is not high, and the supply and demand are temporarily stable. It is expected that aniline price will remain stable next week.

1、 Price trend

The price of calcium carbide in Northwest China rose slightly this week. This week, the average ex factory quotation price of mainstream calcium carbide manufacturers increased from 2696.67 yuan / ton at the beginning of the week to 2706.67 yuan / ton at the end of the week, an increase of 10 yuan / ton or 0.37%, and a decrease of 7.73% compared with the same period last year. Overall, this week’s calcium carbide market rose slightly, the carbide commodity index on August 14 was 70.92.

2、 Trend analysis

From the manufacturer’s quotation, the calcium carbide factory price in Northwest China rose slightly this week: the carbide price of oviganeng was 2730 yuan / ton at the end of this week, which was 30 yuan / ton higher than that at the beginning of the week; the carbide price of Inner Mongolia China Union was 2690 yuan / ton this weekend, which was temporarily stable compared with the beginning of the week; the price of calcium carbide in Xingping of Ningxia was 2700 yuan / ton this weekend, which was temporarily stable compared with the beginning of the week.

Overall, the actual transaction price of calcium carbide in Northwest China is about 2600-2750 yuan / ton this weekend: the mainstream transaction price of calcium carbide in Shaanxi is about 2700 yuan / ton; the mainstream transaction price of calcium carbide in Ningxia is about 2700 yuan / ton; the mainstream transaction price of calcium carbide in Inner Mongolia is about 2650 yuan / ton, and the actual transaction price is mainly through negotiation.

From the calcium carbide upstream and downstream industry chain, upstream raw material market, orchid charcoal factory quotation this week temporarily stable. At present, the quotation of small materials is 560 yuan / ton, that of medium materials is 580 yuan / ton, and that of large materials is about 750 yuan / ton. The low price consolidation of upstream raw materials and the general cost support have a negative impact on the price of calcium carbide.

Downstream market prices, PVC factory prices fell slightly this week. The price of PVC decreased from 6485.00 yuan / ton at the beginning of the week to 6435.00 yuan / ton at the end of the week, a decrease of 0.77%, and a decrease of 4.63% compared with the same period last year. This week, the PVC price fell slightly, the market was general, and the downstream purchasing enthusiasm for calcium carbide was also general. Overall, the PVC market this week had a negative impact on the price of calcium carbide. However, the supply of calcium carbide is insufficient in the near future, and the procurement is tight.

3、 Future forecast

In mid August, calcium carbide market fluctuated slightly. The price of raw materials in the upstream is low, which generally supports the price of calcium carbide, while the price of PVC in the downstream decreases slightly. The downstream customers are generally enthusiastic about purchasing calcium carbide. Moreover, the production capacity of calcium carbide is insufficient at this stage, and the supply of calcium carbide is tense. Later market forecast that the price of calcium carbide in Northwest China will rise slightly in mid August.

1、 Price trend

According to the business agency data monitoring, as of August 14, the mainstream reference quotation of 30% grade phosphate ore in Guizhou was around 300-340 yuan / ton, continuing the stable trend of last week. On August 14, the commodity index of ammonium sulfate was 48.26, unchanged with yesterday, 54.59% lower than 106.28 (2012-05-24), and 31.68% higher than the lowest point of 36.65 on June 23, 2014. (Note: period refers to 2011-09-01 to now)

Phosphate ore market continues to stabilize this week

This week, the domestic phosphate ore market continued the stable trend of last week. At this stage, Yunnan Province ushered in the inspection of the national environmental protection group. The on-site observation atmosphere was relatively strong, and some enterprises reduced the production load. The market as a whole is in the off-season, the downstream demand is relatively weak, and the overall turnover of phosphate ore market is stable. At present, in Yunnan, 28% of the raw ore car plate quotation reference is around 275 yuan / ton, and 29% of the raw ore plate quotation reference is around 300 yuan / ton. Guizhou area: the quotation of 30% raw ore car plate is 320-330 yuan / ton, and the quotation of low-end platform is 280 yuan / ton. Hubei Province: 28% of the raw ore ship plate quotation is around 360 yuan / ton, and 30% of the raw ore ship plate quotation is around 390 yuan / ton.

According to the data monitoring of business agency, the latest price quotation of some phosphate ore enterprises on August 14, 2020 (data for reference only)

Enterprise name grade specification 8 / 14 remarks

Guizhou Fuquan Huifa 30% raw ore 340 yuan factory price

Guizhou Fuquan Huifa 28% raw ore 300 yuan factory price

Platform price of 30% raw ore of Kaiyang Mining Co., Ltd

Guizhou Xifeng mining 30% raw ore price of 330 yuan

Guangxi songgan commerce and trade 30% raw ore 340 yuan factory price

Guangxi songgan commerce and trade 28% raw ore 300 yuan factory price

Price of 30% raw ore of Guizhou kaiphosphate Mining Co., Ltd. is 330 yuan

Guizhou Xinxin phosphate ore 30% raw ore 320 yuan car plate price

Hubei Liushugou mining 30% high phosphorus and low magnesium ore 390 yuan ship plate price

Guizhou Qidu Tiancheng mining 22% raw ore 120 yuan car plate price

On the downstream side, the price of yellow phosphorus market is mainly stable this week. Some enterprises have reduced their starting load, and the market sales situation is fair. Downstream companies are cautious in taking goods, with obvious wait-and-see mood. The market transaction situation is general, and the yellow phosphorus enterprises mainly support the price operation. Up to now, the market quotation in Yunnan is about 15000-15500 yuan / ton. The mainstream quotation in Guizhou is about 15000-15100 yuan / ton. The price of yellow phosphorus in Sichuan is about 15500 yuan / ton. At present, the situation of yellow phosphorus driving around the country is general, and manufacturers are mainly sending orders in the early stage, so it is difficult for the price of yellow phosphorus to decline.

When the wait-and-see mood worsens, the price will be stable

The phosphorus ore analysts of the business society believe that in a short period of time, the phosphorus ore market demand is limited, the industry is affected by environmental protection inspection, and the demand is more cautious. It is expected that the future trend of the phosphate ore market will mainly focus on maintaining stability. Individual mining enterprises affected by the cold atmosphere in the field of demand or will drive the market down slightly.

In July, the civil LPG market showed an upward trend, and the price continued to rise. In August, although the off-season has not passed, the market continued to rise and continued to take the lead, with the increase slightly narrowed. According to the data monitoring of the business agency, the average price of LPG in Shandong market on August 1 was 3116.67 yuan / ton, and that on August 7 was 3166.67 yuan / ton, up 1.6% in the week and 14.73% higher than that in July 1.

In July, Shandong LPG civil market rose as a whole, with an increase of 12.92% in the month. In the first week of July, due to the influence of seasonal factors, the market growth was not obvious, and most of them were in a narrow range; in the second week, the market opened up an upward channel, during which the ex factory price continued to rise. In the third week, the market continued to rise, with the focus moving up as a whole. The mainstream price broke through the 3000 yuan / t mark, and rose by 4.48% in only four days. However, due to the excessive increase, the price was up to the fourth week The grid became loose and ended with a small concussion. July was supposed to be the traditional off-season for sales, but due to more favorable factors in the month, the domestic gas market rose all the way.

The main reasons for the rise of gas price in the month are as follows: firstly, CP rose in July, which was higher than expected, which brought certain support to the market; secondly, the international crude oil trend was better in the month, and the rise was more than the decline; thirdly, the refinery was centralized in maintenance, and the overall market supply decreased. Downstream buy up mentality, enter the market actively, manufacturers ship smoothly, market transaction atmosphere is good. Manufacturers have no pressure on inventory, most of the inventory in low-level operation, the mentality is relatively strong.

In the first week of August, although the traditional off-season has not passed, the price rise has not stopped. The market continued its July rally in the first week, up 1.6% during the week. At the beginning of the week, the market first returned to rationality. Due to the resistance of the downstream to high prices, more cautious wait-and-see, manufacturers’ shipment is hindered, and more small price cuts to stimulate downstream market entry. Subsequently, due to the slight increase of CP price in August and the slight rise of international crude oil during the week, the overall supply of the market did not change much, and the support price rose again under multiple favorable conditions. The enthusiasm of the downstream to enter the market turned active, and they entered the market to replenish goods one after another. At present, the overall inventory of manufacturers is controllable and the production and sales are balanced.

Until August 7, the mainstream prices of LPG in various regions in China were as follows:

Specification, mode of transportation, region, date, mainstream price

Civil gas transportation by truck in North China August 7, 2900-3250 yuan / ton

Civil gas transportation by truck in East China August 7, 2900-3200 yuan / ton

Civil gas and automobile transportation in South China on August 7, 2930-2980 yuan / ton

Civil gas and automobile transportation in Shandong Province on August 7, 3200-3400 yuan / ton

Civil gas and automobile transportation in Northeast China August 7 3100-3350 yuan / ton

Civil gas and automobile transportation along the river on August 7, 3000-3000 yuan / ton

In the future, with the completion of centralized maintenance of refineries, market supply is expected to rise, the current price is at a relatively high level, the short-term good is limited, and the market is mainly adjusted in a narrow range. In the long run, in terms of demand, at present, autumn is beginning, the temperature is gradually decreasing, and the terminal demand is gradually increasing. In late August or early into the peak season, it is expected that August will still have a significant rise.

1、 Price trend

According to the data from the business club’s bulk list, the domestic propylene (Shandong) market price dropped slightly this week and then rose continuously, with the initial price of 6844 yuan / ton; the weekend price was the weekly high price, which was 6935 yuan / ton, and the weekly low price was 6826 yuan / ton on Tuesday, with the weekly increase of 1.33% and the weekly amplitude of 1.58%.

2、 Analysis and comment

According to the price chart of the business agency, the recent price of propylene fluctuates periodically, with a relatively stable price range. At the beginning of August, the price was at a high level in the range. Since the end of the week, the price of some enterprises has been slightly down, but it has been stable on the fifth day. On the sixth and seventh day, the price has risen by 50 yuan / ton, breaking the upper limit. At present, the market transaction is between 6900 yuan / ton and 7200 yuan / ton, and the mainstream price is about 6900 yuan / ton. Propylene manufacturers to ship smoothly, low inventory.

On August 6, crude oil prices rose slightly, with limited impact on propylene market.

Recently, PP futures high volatility, spot prices rose, the weekly increase of 1.69%, propylene may have a positive impact.

Acrylic acid market this week to maintain stability, the impact on propylene is not big.

Propylene oxide market rose sharply this week, up as much as 9.01%, which has a significant effect on propylene.

The price of epichlorohydrin rose after the decline of this week, the range was small, the weekly increase was 0.35%, the weekly amplitude was 1.05%, the impact on propylene was small.

The domestic n-butanol price rose step by step this week, with a weekly increase of 1.82%, which had a slight positive impact on propylene.

This week, octanol market rose at the end of the week, up 0.71%, slightly positive impact on propylene.

This week, isopropanol market showed a straight-line downward trend, with a weekly drop of 10.75%, which had a significant negative impact on propylene.

The phenol in East China went down this week and then stabilized, with a weekly decrease of 5.58%, which had a small inhibitory effect on propylene.

Acetone in East China fell by 6.90% at the end of this week, which also had a small inhibitory effect on propylene.

3、 Future forecast

The propylene analysts of the chemical branch of the business society believe that: in a comprehensive view, there is no pressure on the inventory of the propylene manufacturers, the crude oil price is slightly upward, the downstream polypropylene futures fluctuate at a high level, and the profit margin of propylene oxide rises, and the overall market procurement is picking up, and the market is good. But there are also some downstream obvious downward, there is a certain negative impact. At present, the propylene market price has broken through the upper limit of the range. As there is still downstream support, it is expected that the propylene price may continue to rise, but the degree of possibility is limited.