Lead: The propylene supply and demand were relatively stable from H2 June to the middle of July, and the propylene market remained stalemated for a long time. Recently, the propylene units ran unstably, and the supply and demand became unbalanced. Therefore, the propylene price went down. In the short term, the propylene market will still be stalemated, and the upstream and downstream unit status will be the key factor influencing the supply, demand and price.
1. Stable price
The Shandong propylene market is active in spot transactions, and the rapid market change is the main feature. However, from H2 June to the middle of July, the propylene market price in Shandong remained stable at RMB 7,800/mt for more than 20 days. The long-term stability of propylene price was mainly supported by strong cost price and stable supply-demand fundamentals.
The feedstock price was high, supporting the propylene market.
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