Propylene is an important raw material for making octanol. Today Huafu Chemicals Factory will share with you the latest propylene market conditions.
On September 21st, the propylene market in Shandong Province underwent a period of consolidation with moderate adjustments observed in a few factories. The prevailing market quotation in Shandong stood at 7300-7330 yuan per ton(998.5-1002.5 US dollars/ton). However, the market sentiment was dampened by the downward trajectory of international oil prices and polypropylene futures prices, thus lacking positive support.
Despite a relatively manageable pressure in on-site inventory, the upstream suppliers displayed a stronger willingness to maintain prices. Nevertheless, the market lacks favorable news or guidance to boost confidence. Consequently, a weak consolidation phase is expected to dominate the short-term market outlook.
In all, only through meticulous and professional analysis can investors navigate the dynamic market successfully. Stay tuned to seize potential opportunities amidst the weak consolidation phase.
