Propylene will rise by more than 5% in a week or consolidate at a high level
Domestic propylene (Shandong) continued to rise this week. The average price of enterprises at the beginning of the week was 7669 CNY/ton. The average price of enterprises on Friday was 8056 CNY/ton, up 5.05%. Analysts believe that: the recent crude oil market consolidation, polypropylene spot market began to stabilize, propylene oxide rose slightly, acrylic acid market was flat, epichlorohydrin market rose, butanol and octanol market rose, some refinery units were shut down, downstream plant units also reduced production, the refinery continued to rise or need to rest, so it is expected that the recent propylene price or high consolidation, small shocks.
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