Propylene returns to rational price within ten days

From April 10 to April 20, the domestic propylene market prices skyrocketed and plummeted. Take Shandong as an example,compared with April 20, the price on April 10 was also about 5,900 CNY/ton. Shandong propylene market has spit out the previous gains within 10 days.

Judging from foreign quotations, the price of crude oil has not been satisfactory recently. The price fluctuates frequently, so it is difficult to bring strong support to the propylene market. From the perspective of the industry chain, this fluctuation in propylene has supported most downstream products in the industry chain. Except for acrylonitrile, the prices of other chemical products have all risen.

Analysis from price comparison data:

Isopropyl alcohol increased by 23.81%. Affected by the epidemic, the market price of isopropyl alcohol, which is one of the raw materials of foreign disinfectants, has risen steadily.

Acrylic acid rose by 25.45%. After the raw materials skyrocketed, the acrylic acid market returned to a stable level, and the cost support was not strong enough. The market sentiment weakened.

The increase of n-butanol was 17.17%. The domestic n-butanol price fluctuated slightly after a turbulent rise. The market transactions were concentrated at the low end. Due to the high inventory level of the main downstream butyl butyl ester products, buying interest in n-butanol was weak.

Epichlorohydrin rose by 9.41%. The domestic epichlorohydrin market operated weakly, and the downstream lacked confidence in the market outlook. However, supported by the cost of glycerin, short-term prices remained high and volatile.

Octanol increased by 12.3%, and the Shandong octanol market's offer was moving downwards. The main downstream plasticizer purchase prices were concentrated at the low end, and some high-end offers were generally negotiating.

Propylene oxide increased by 4.39%, because the device is still in the lower load range, and the price may still have a small room for increase, but the downstream is still bearish, and the upstream propylene is good to disperse, and cyclic propylene is still inevitably subject to ups and downs.

Acetone increased by 24.21%. Domestic acetone markets operated at a high level. Port stocks fell to 22,000 tons. Petrochemical companies raised their unit prices. The mentality of on-site holders was boosted. Terminal factories entered the market to replenish their stocks. The market trading atmosphere performed well. Support the market's center of gravity.

After experiencing the skyrocketing, the domestic propylene market has fallen into an "embarrassing” situation, and the market has gradually returned to cooling. The mainstream transaction price in the Shandong market has dropped to the level of 5850-5950 CNY/ton. After ten days of fermentation, after the downstream chemical products have all risen, it remains to be seen whether the upward trend will last.