Price trend

On January 26, the propylene (Shandong) market fell, and the price adjustment range was reduced compared with that at the beginning of the week. The mainstream price of propylene in Shandong was 7750-7850 yuan / ton. Due to the close of the Spring Festival, the downstream shutdown or production reduction holiday, the propylene market turned sharply downward, the price was at the high level of 8000 yuan / ton, fell rapidly, and the demand support was weak. At the same time, the downstream goods preparation is basically completed, and the supply and demand situation will not change much in the near future.

Forecast: propylene is expected to continue to decline in the near future, with a little room for weak consolidation.