Price trend
On August 24th, the propylene market in Shandong fell weakly, with mainstream prices dropping to 6,600-6,650 RMB/ton, a decrease of 50-100 RMB/ton compared to the previous trading day.
Analysis review
It is reported that the propylene market had further declined, upstream sales were poor, inventory accumulated, and transaction focus continued to shift downward. The downstream polypropylene futures market remained weak, with cautious procurement and a strong wait-and-see atmosphere.
Market outlook
It is expected that the propylene market will continue to operate weakly in the short term.
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