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The Propylene Market Fell Weakly in July

Time: Jul 29, 2022

Focus on the price trend of octanol (2-EH) raw material (propylene) today

According to the data shared by Huafu Chemicals, the domestic propylene market continued to fluctuate and fell in July, and the price fell further.

propylene price trend

As of the end of July, the mainstream quotation of propylene (Shandong) market was 7200-7350 yuan / ton ($1067-1089/ton), down 7.51% year-on-year and 6.51% month-on-month.

  • In July, the overall market trend of propylene was mainly downward. In the middle of the market, there was a wave of price support, but the downstream did not buy it. After a slight rebound, the increase was taken back and it fell further.
  • The market supply is sufficient, and the downstream purchase gas is insufficient. At the same time, the cost support is weak, and the contradiction between supply and demand is prominent. Only relying on the cost to support the bottom line, the profitability of the overall propylene industry chain is not good, and the market price is under pressure.

2-Ethylhexanol factory supply

Propylene industry chain fell across the board

1.   Cost side: Crude oil fluctuated downward, propane, liquefied gas and other propylene production routes, the center of gravity of raw material costs all fell, and the support for propylene prices weakened.

2.   Demand side: Downstream products all fell month-on-month. Among them, the profit of polypropylene powder was seriously inverted in stages, and the profit margin of other downstream products was further tightened. Part of the production was reduced in load. To a large extent affect the purchase of propylene.

Market Outlook

Huafu Chemicals believes that: entering August, the terminal demand may improve, and the propylene market may usher in a wave of rising prices, but the current pressure on propylene supply remains unabated, the rise may be short-lived, and the long-term bearishness is the mainstay.

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