1、 Price trend

According to the Commodity Market Analysis System of Business Society, the overall domestic propylene (Shandong) market rose this week (11.6-11.10). The average price of the Shandong market at the beginning of the week is 7090 yuan/ton, and the average price on the weekend is 7270 yuan/ton, with a weekly increase of 2.54% and a year-on-year decrease of 0.82%.

As of November 10th, the mainstream prices of propylene in different regions in China are as follows:

Region/ November 10th

Shandong region/ 7250-7300 yuan/ton

Northeast region/ 6900-7000 yuan/ton

East China region/ 7050-7100 yuan/ton

2、 Analysis and Review

According to the Commodity Market Analysis System of the Business Society, the propylene market rose first and then declined this week. At the beginning of the week, due to the improvement of downstream polypropylene market, the price difference between propylene and it widened, driving downstream active entry into the market. At the same time, some upstream devices were shut down, resulting in a decrease in supply, and the propylene market was actively pushing up. In the second half of the week, the price of propylene has risen to a high level, and there is a resistance mentality in the downstream. The wait-and-see atmosphere is strong, while the upstream is mainly to stimulate sales and reduce prices to eliminate inventory.

3、 Future Market Forecast

Propylene analysts from the Chemical Branch of the Business Society believe that there are start-up plans for devices in the future region, and supply is expected to increase. The demand side is following up slowly, and under the atmosphere of buying up rather than buying down, it is expected that the propylene market will mainly decline in a narrow range next week.