1、 Price trend
| POLYVINYL ALCOHOL |
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.
| PVA |
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.
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