Beginning in early August, domestic propylene market stumbled deadlocked, although we often say that the plate will fall, but the strong wind weather still gave the market a glimmer of hope, with the price of propylene broke through 9500 yuan/ton mark, last weekend in Shandong area again every rainstorm weather, plant temporary shutdown, but failed to bring new hope for propylene market. Supply side positive from June continued to the present, sustained positive to drive the price of propylene even record high. Last week's heavy rain, the impact on the Dongying area factory, and Petrochemical, marine Petrochemical, Eastern Hualong, into equal petrochemical, Shengli petrochemical and other equipment operation and shipping have a certain impact, the majority of devices have been restored to normal, at present, and Petrochemical, Oriental Hualong, into equal petrochemical has not yet fully restored to stability. Short-term supply to weaken has become a foregone conclusion, Shandong, Shouguang Alliance and Fu-Yu chemical has been restored to normal, next week Hualian Petrochemical, Dongming petrochemical gas separation device, Hicorelin, Qingdao Anbang, Yong Xin Chemical recovery probability is larger, due to inclement weather unexpectedly parking and petrochemical, Oriental Hualong, into equal petrochemical are also planned to resume gradually. In addition to east China, heard the Ningbo Fook gay PDH device and the Jiangsu state MTO device is ready to feed, will also resume driving in the near future. At the same time, the typhoon ' sully ' crisis lifted, the import of propylene imports of cargo ships to Hong Kong, import supply will also be significantly increased.
Short-term refinery inventory to maintain a low-level controllable state, but the supply surface or there is a concentrated outbreak of expectations. On the import side, the typhoon alarm lifted, the early delay of the import of cargo ships will come to Hong Kong, and the current import supply still have a certain price, will have a certain impact on the domestic market.
And the recent rebound in the renminbi against the dollar, making the cost of imported raw materials to reduce, some buyers regain confidence into the spot market, the Asian spot trading atmosphere significantly improved. From the demand of powder, polypropylene granules, powder price difference is limited, powder temporarily no price advantage, and powder production cost is high, powder long-term upside down, the phenomenon of more and more, the demand for propylene decreased significantly. At present, the powder maintenance enterprises concentrated and propylene monomer high strength, to the powder in the supply surface and cost side to bring good support, to alleviate market demand and supply pressure, the price of the powder is slightly higher, but the high price of the material to increase the price of the powder, the most important is the terminal cost transfer difficulty, strong resistance, powder on the market
. In general, the current refinery inventory in the low-level controllable, but the fundamental multiple partial empty, the industry mentality is more pessimistic, the industry is not high enthusiasm.
Short-term domestic propylene market weak callback-oriented, it is recommended to pay close attention to downstream construction and procurement trends. Short-term domestic propylene market weak callback mainly