Propylene Rise And Fall Forecast
The latest price (2022-04-20): 8471 CNY/ton
Analysis points:
The propylene market has been consolidating recently, and the mainstream price of propylene in Shandong is 8450-8550 CNY/ton. On the cost side, the overall upward trend of crude oil has played a certain supporting role for propylene. However, the downstream polypropylene cost pressure is not reduced, the demand is flat, and the start-up is limited. At the same time, other downstream products of propylene are all performing in general, and the propylene market is running stalemate under the drag of demand.
Market outlook forecast:
Under the influence of long and short factors, it is expected that the propylene market will run in a narrow range in the near future.
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