Propylene Market is Weak and Fell (Oct.31-Nov.4)

Time: Nov 10, 2022

Propylene is an important chemical raw material for octanol. Today Huafu Factory will continue to share with you the latest market price trends for propylene.

The domestic propylene (Shandong) market fell slightly and rebounded slightly over the weekend. The average price over the weekend was 7,000 yuan/ton (about 965.9 US dollars/ton), a weekly drop of 1.91%, and a drop of 8.14% from the 30th day ago.

propylene market price affects octanol

At present, the inventory level of enterprises is acceptable, downstream demand is stable, and the Shandong propylene market has stopped falling and rebounded.

Upstream: In addition to liquefied gas, the price of raw materials rose slightly this week, with favorable factors leading, and the price of international oil prices rose.

Downstream: On the whole, downstream products are up and down, the profitability of some products has returned, and purchasing enthusiasm has increased.

Huafu Chemicals believes that the current propylene price has dropped to a low level, and the inventory of enterprises is controllable. It is expected that the Shandong propylene market may increase slightly next week.

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