Price trend

On October 19th, the Shandong propylene market maintained stable operation, with mainstream market quotes of 7,200-7,250 RMB/ton, which remained unchanged from the previous trading day.

Analysis review

It is reported that the propylene market had been boosted by news recently, and prices significantly increased. However, due to cost pressure, downstream purchasing willingness had decreased, especially mainstream downstream polypropylene. The wait-and-see atmosphere was strong, which suppressed the continued rise of propylene prices.

Market outlook

In the future, there is a strong bearish sentiment among the industry, and it is expected that there is a high possibility of a weak and downward trend in the propylene market in the short term.

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