This week China propylene prices stable. The weekend of East China propylene prices at 7708 yuan / ton, up 0.23% this week.
Analysis of influencing factors
Products: high crude oil, propylene downstream operating stability, the market turnover is stable, price stability. Shandong propylene current mainstream price 7700-7800 yuan / ton.
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The industrial chain: high crude oil, polypropylene futures bottomed rebound slightly, downstream customers gradually began to collect money, and polypropylene downstream profit space is good, work is stable, the northern market other downstream products in addition to butyl octanol unit operating rate fell slightly, other operating stability, stable supply.
Industry: crude oil futures rose on Tuesday (January 17th), the Saudi oil minister, optimistic expectations and support u.s.. NYMEX February crude oil futures contract rose $0.11, or 0.2%, to settle at $52.48 a barrel. Brent crude futures rose $0.02 to $55.47 a barrel.
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Macro: in December 2016, the business community of commodity supply and demand index (BCI) were 0.49, rose to 5.39%, reflecting the monthly manufacturing economy last month was the expansion of the state economy, rising trend evident.
Market forecast
High crude oil, polypropylene futures bottomed rebound slightly, downstream customers gradually began to collect money, and polypropylene downstream profit space is good, work is stable, the northern market other downstream products in addition to butyl octanol unit operating rate fell slightly, other operating stability, stable supply.
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