Unfavorable Propylene Weak Down after National Day

Time: Oct 19, 2022

Propylene is the main raw material for the production of octanol. Huafu Chemicals Factory will share the latest chemical industry information for you.

According to the latest data, the domestic propylene (Shandong) market fell significantly after National Day. During Oct.10th-Oct.14th, the average Propylene market price decline was 2.06 %, up 2.42 % from 30 days ago.

market price chemicals

Cost: international oil prices plummeted, and cost support weak.

Demand: the mainstream downstream polypropylene market weak downward, further contain propylene market.

Supply: Pre-maintenance propylene plant resumption of production plus new plant commissioning expectations, supply is increasing.

Upstream: This week, raw material prices fell sharply except for propane. Affected by the decline in international oil prices, propylene cost support weakened.

Downstream: downstream derivatives market decline, some products fell by more than 2%, downstream products slump, resulting in poor demand, further restricting the rise in propylene market.

Market Forecast

Huafu Chemicals believes that the current propylene market wait-and-see atmosphere has become stronger, and the manufacturer’s willingness to reduce prices is strong. It is expected that propylene will continue its weak downward trend in the near future.

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