2-Ethylhexanol is widely used in the production of plasticizers. Propylene is an important raw material for the manufacture of chemical solvent 2-ethylhexanol, so it is necessary to know more about the market situation of propylene.
International Market Overview
This week, the Asian propylene market continued its downward trend. As of this Thursday, the CFR China propylene price was 1040-1090 US dollars/ton, down 30/30 US dollars/ton from last Thursday; the average CFR China propylene price this week was 1077 US dollars/ton, down 4.94% from last week.
This week, the focus of international oil prices has moved up, and the cost of propylene in the external market has been strongly supported; the exchange rate of the US dollar against the RMB remains high, and the exchange rate cost of purchasing propylene in the external market is still high.
A combination of multiple factors led to the continued fall in the price of propylene in the outer market, and the market trading was still sluggish.
Domestic Market Overview
This week, the price of propylene in China's propylene market is stable and down.
Outlook for next week
1. On the cost side, oil prices may continue to fluctuate at a high-level next week, and we still need to be alert to cost changes.
2. On the supply side, the restarting of early-stage maintenance devices has increased, and the supply of propylene in the propylene market has shown an upward trend, and the pressure on production enterprises will increase.
3. On the demand side, the profitability of downstream products such as polypropylene and acrylonitrile is not good, the overall demand for propylene is not expected to improve much, and the weak demand side still has a certain negative impact on the market price of propylene.
4. On the whole, the supply and demand of the propylene market will be weak next week, and it is expected that the propylene market price will have a high probability of downward adjustment.
