Propylene prices fluctuated lower

　　Sinochem New Network News In June, the domestic propylene market fluctuated and fell, and the price bottomed out
.
According to the data of the business community’s bulk list, the average price of propylene in Shandong’s propylene market was 8,080 yuan (ton price, the same below) at the beginning of June, and the average price at the end of the month was 7,738 yuan, a monthly decrease of 4.
24%
.

　　At the beginning of June, the mainstream quotation of Shandong propylene market was 7800~7900 yuan
.
Due to the commissioning of new units and the resumption of production of overhaul units, the supply of propylene has increased, and market competition has intensified.
Under the pressure of sales, companies have sold profits and sold goods, and some process routes have even lost money
.
Downstream demand is mainly based on rigid demand, fast in and fast out, and the overall market is in a situation where supply exceeds demand
.
In the middle of the month, the price began to stabilize and rebound, but the contradiction between supply and demand gradually emerged.
The pressure on manufacturers to buy goods increased, and the demand follow-up was slow.
Especially in the case of polypropylene, the cost pressure did not decrease, the demand was flat, and the start of construction was limited
.
At the same time, other downstream products of propylene all performed in general
.
In late June, the price of propylene continued to drop, the overall start-up of the industry was relatively high, and the supply pressure remained
.

　　The propylene industry chain fell across the board
.
In terms of cost, the prices of liquefied gas and propane dropped sharply, methanol and naphtha had a limited decline, and the cost support was slightly weak, but the tight supply of crude oil and high prices had a great impact on the cost of propylene
.
Prices of downstream products fell almost across the board, and products that rose in early June also turned from rising to falling
.
The polypropylene market is performing generally, the demand is flat, and the downstream profitability of propylene oxide and acrylonitrile is not good.
In addition, there are some downstream equipment maintenance, and the overall purchase of propylene is mainly based on small orders
.

　　The propylene analyst of the Chemical Industry Branch of the Sunshine Society believes that the current situation of oversupply in the propylene market is difficult to change, the price of propylene is close to the bottom, and the market outlook is limited
.