Price trend

On the 21st, the propylene market in Shandong continued to decline and the range increased. The propylene price in Shandong was 9200-9250 yuan / ton, and today the enterprise lowered 100-150 yuan / ton. The market trading returns to rationality, the willingness of downstream buyers is not strong, and the willingness of enterprises to take goods is obvious due to the impact of low-price goods.

Forecast: downstream demand is the main demand. Although the crude oil price continues to rise, the support is insufficient. It is difficult to further improve the long and short game in the propylene market. It is expected that the propylene market will maintain a weak shock in the near future.