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The overall market of the C3 industry chain has been eye-catching recently, and the prices of downstream derivatives of propylene have risen to varying degrees, which continues to push the raw material propylene higher
.
Affected by the fire accident at the Yeosu ethylene cracking unit of LG Chem in South Korea on November 5, its supporting downstream 140,000 tons of butanol, 635,000 tons of acrylic acid and 185,000 tons of acrylic acid ester plants rely on external procurement of raw materials, and the domestic supply in South Korea is insufficient.
Overseas propylene supplement
.
From the perspective of the domestic propylene market, this round of rising prices was deeply affected by the shutdown of South Korea's LG cracker.
Propylene and some derivatives have opened export channels, and the pressure on domestic supply and demand has eased
.
The price and profit of each propylene downstream product are as follows:
Near the end of the year, the domestic terminal market has limited acceptance of high-priced raw materials, and the derivatives market, which has been eye-catching in the early stage, is mostly intended to stabilize and fall, but the current profit space is sufficient, and the acceptance of propylene is still good
.
As far as the market outlook is concerned, Zhongyu believes that there is still room for upside in the domestic propylene market at the end of November, and the market price is expected to be close to the high point of the year
.
