Price trend

After the festival, the domestic propylene market ushered in a wave of rise, in which propylene (Shandong) rose to 8300-8350 yuan / ton. The long-span rise in prices is mainly affected by two factors. First, crude oil prices rose strongly during the Spring Festival, forming obvious support on the cost side; Second, the supply and demand side of propylene has not been fully restored, some propylene plants have not returned to work, and the transportation is not smooth due to festivals and weather, resulting in tight supply in the region and further contributing to the rise of propylene.

Forecast: in terms of cost and supply and demand, there is still some room for propylene to rise in the short-term market.