The hottest propylene price rise continues, and en

Propylene price rise continues to be environmentally friendly and difficult to prevent acrylic acid from moving up

propylene price rise continues to be environmentally friendly and difficult to prevent acrylic acid from moving up

August 22, 2017

[China paint information]

crude oil has increased significantly compared with the previous trading day, but the peak of demand is gradually coming to an end, and the downward trend of oil price in the future still exists; Recently, the propylene market increased slightly, because the polypropylene futures price rose sharply, driving the trend of powder, and some enterprises in East China began to recover gradually. There is a certain support in the downstream market. The mentality of the operators is positive and actively enter the market. The market trading has changed compared with the previous period, and the market trend is stable and good

since August, the dual impact of environmental protection and annual maintenance has led to a rapid decline in the operating rate and load of the domestic acrylate industry, with low inventory and limited supply from suppliers holding goods. Market participants are eager to be bullish and hold on. The end market is hard to get goods, and the focus of negotiation shows a volatile upward trend

the US dollar exchange rate fell, the US oil turret decreased, and the international oil price soared, but the peak demand is nearing the end, and the market is still bearish. On Friday (August 18), the settlement price of West Texas light oil futures in September 2017 on the New York Mercantile Exchange was $48.51 per barrel, up $1.42 per barrel or 3.0% from the previous trading day, with a trading range of 46 US $74/barrel; The October 2017 futures settlement price of Brent crude oil on the London Intercontinental Exchange was $52.72 per barrel, up $1.69 per barrel or 3.3% from the previous trading day, with a trading range of 50 92 dollars/barrel

last week, the propylene market began to have a good trend, with good transactions, while the rise in crude oil prices continued to boost the trend of the propylene market. Downstream polypropylene futures prices rose sharply, boosting the powder market, there is a certain profit margin, and buyers actively purchase demand. Transactions in some refineries in Shandong were smooth. A total of 5350 tons of propylene arrived from South Korea, Japan, Ulsan and other domestic propylene ports today. The market bid farewell to the era of low inventory for the time being

the propylene unit of Shandong Dongying Kenli Petrochemical operated normally. The propylene price was increased by 150 yuan/ton at the weekend, and today the propylene price was increased by 50 yuan/ton. The implementation was 7550 yuan/ton, and the shipment was normal

Wanhua chemical PDH unit operates normally, and propylene is mainly supplied to about households. Today, the ex factory price of propylene is increased by 150 yuan/ton, and 7600 yuan/ton is implemented

Shandong Binzhou Jingbo petrochemical gas separation unit is in normal production, and the mixed alkane dehydrogenation unit operates smoothly. Propylene prices increased by 150 yuan/ton over the weekend, and today propylene prices increased by 50 yuan/ton to 7600 yuan/ton

the propylene unit of Shengli Petrochemical operated normally. The propylene price was increased by 190 yuan/ton at the weekend, and today the propylene price was increased by 50 yuan/ton. The implementation was 7650 yuan/ton, and the shipment was normal

although the propylene market atmosphere began to improve and rose in many places, the market price of propylene in Shandong increased significantly. The mainstream transaction price was yuan/ton, and there was a certain resistance in the downstream. The downstream market was cautious, there were many inquiries, the volume of market transaction orders was general, and the downstream terminal market atmosphere was relatively cold. It is expected that the domestic propylene market will develop steadily in the short term

the market price of upstream raw material propylene has risen, and the supply in Shandong has an increasing trend, which has a good boost for acrylic acid. Under the influence of environmental protection pressure and annual maintenance in the domestic market recently, the operating rate and load of acrylic acid plants have declined significantly, and the market spot supply is limited. MHT has reduced the nozzle to the bottom of the test tube, and some domestic regions have begun to raise prices accordingly

according to Huicong chemical, there is a strong wait-and-see atmosphere in the acrylic acid Market in East China. The actual offer in the primary market is around 8500 yuan/ton, but there are many inquiries in the market at the beginning of the week, and the actual order is still under negotiation. The secondary market is waiting for more information to guide the market temporarily; There is a strong wait-and-see atmosphere in the acrylic acid Market in North China. A manual switch should be installed on the 8 wire of the primary market offer to control the experimental motor source near 500 yuan/ton. Due to the recent environmental impact of focusing on helping automobile manufacturers develop and test the latest technologies and materials, the downstream has a low operating load and limited demand for acrylic acid; However, the supply of acrylic acid is also limited, and the market negotiation is in a stalemate game state. (including tax acceptance price)

the supply and demand of the upstream market is guaranteed, but under the environmental protection situation, the overall operation of the downstream acrylic lotion is about 60%, and the mainstream price fluctuation continues. The enterprise Hebei Jichun 100000 ton acrylic lotion device is in trial operation, and Wanhua Zhuhai acrylic lotion is newly put into operation. The water-based coating industry has developed well, and the demand for lotion has increased. The demand for butyl acrylate in acrylic lotion is expected to increase in the future. It is expected that the rise of acrylic acid market will follow the trend, and it will be difficult to reverse in the short term. Ganfeng international and mtmarion signed a long-term underwriting agreement