The Propylene Market Rose Steadily in January

Time: Feb 03, 2023

Octanol can be produced from propylene and synthesis gas. Therefore, as an important raw material of 2-Ethyl Hexanol, propylene market situation has also attracted much attention. Please read through the article for details.

In January, the domestic propylene (Shandong) market rose in steps, and there were signs of a fall at the end of the month. The average market price in early January was 7,244 yuan/ton, and the average price on January 30 was 7,640 yuan/ton (about 1,133 US dollars/ton), with a monthly increase of 5.47%. Compared with the same period last year, it fell by 1.42%.

propylene market price

The propylene market rose steadily in January. During the Spring Festival, the market maintained a stable trend. After the holiday, the market demand up slowly, and the quotations of individual companies fell.

In January, the propylene industry chain saw impressive gains, with propane up 26%, and naphtha and liquefied gas both up more than 15%. The high cost provided strong support for the propane market. Except for a few products, downstream derivatives mainly rose. Under the linkage of rising costs and prices, the prices of downstream products of propylene increased.

Huafu Chemicals believes that the current propylene market demand and capacity are gradually recovering. Under cost pressure, the downstream wait-and-see atmosphere is strong, and propylene offers show signs of loosening. It is expected that in February, the propylene market will be weak and volatile.

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