1、 Price trend

According to the bulk list data of business society, the domestic propylene (Shandong) market price rebounded this week. The market price was 7650 yuan / ton at the beginning of the week and 7750 yuan / ton at the weekend, an increase of 1.31%.

2、 Analysis and review

According to the price chart of business society, propylene prices rebounded slightly, the mainstream price in Shandong market was 7700-7750 yuan / ton, the low-end price increased, and the high-end price remained stable. The international crude oil rebounded, the cost was boosted, the propylene price rose slightly, the delivery of goods in the yard was stable, some factories were shut down for maintenance, and the supply was reduced.

Crude oil prices rebounded slightly this week. The data released by the U.S. Energy Information Administration (EIA) on Wednesday showed that crude oil inventories fell last week, the improvement of U.S. employment data and improved liquidity boosted fuel consumption, and the Biden government said it would not support U.S. oil companies to increase production and supply is expected to be good for oil prices. However, against the background of the accelerated spread of delta virus, The recovery of global oil demand is still dragged down by it, and there are many upward obstacles to oil prices. During the week, it increased by 1.09%.

Polypropylene prices rose slightly this week, the demand level of downstream enterprises is still not high, and the operation of hoarding goods in advance for the traditional peak season in September has not been heard. The supply of high-priced goods in the venue was under pressure, and businesses preferred to sell goods at a profit, with an increase of 1.8% during the week.

The consolidation of acrylic acid remained stable this week, the industry inventory remained low, the tight supply situation was alleviated, and the price was firm.

The reported price of isopropanol fell this week, and the market lacked real single support. After the price rise last week, there was a price correction at the beginning of this week, with a decrease of 2.4% during the week.

The price of isooctanol fell this week. Due to the continuous commencement of units, the overall operating rate of the isooctanol industry increased, the downstream market was general, and the demand weakened, with a decrease of 2.23% during the week.

3、 Future forecast

Propylene analysts of the chemical branch of the business society believe that under the condition of insufficient power for the rise of oil price, cost constraints and basically stable supply and demand, it is expected that the future rise space of propylene is limited.