Recent domestic propylene market continued to rise, affected by the weather, external sources of supply in Shandong has decreased, the normal operation of downstream enterprises to start a certain amount of replenishment expected support, the market mentality firm .Polyphenylene futures to maintain the range of shocks, the downstream powder market is small Exploration, the market trader enthusiasm is acceptable, the refinery inventory controllable low, the market traded well, while the international side, more hot than the domestic market.
Asian propylene last Friday due to tight supply of the stock, up 59 USdollars / t weekly gain of 85 USdollars / ton, the highest level since November 2014. Due to bad weather in South Korea stopped, South Korea KPIC and SKGC on the 24th of this month The closure of part of the naphtha cracker, resulting in the Asian stock market tightened, the factory turnover makes the spot more tight supply in the region.China, CPC Fourth naphtha cracker in mid-2017, annual maintenance, the original Scheduled to restart on January 20, there are some postponed; Formosa Plastics plans to March 1 to April 14 to close the cracker in the Mali annual maintenance.
As of January 29 Asian propylene closing FOB Korea at 1079.2-1081.8 US dollars / ton, CFR China at 1149.2-1150.8 US dollars / ton, CRF China equivalent to 8580-8600 yuan / ton in the vicinity of RMB. After the equivalent of more than the domestic 8400-8450 yuan RMB / tonne market price, both inside and outside the disk upside down, no import supply of profits, but due to Lunar New Year holidays and lower profit margins downstream products, making the terminal demand has decreased, gradually approaching the ceiling of propylene prices in Asia. Last Friday, polypropylene and propylene Between the spread of 75 US dollars / ton, Thursday 134 US dollars / ton, breakeven spread of 150 US dollars / ton.Reported last week, customs data show that South Korea in December propylene exports 153,694 tons, down 1.6% in November, , Down 1.5% from a year earlier.