Price trend
On the 15th, the propylene market saw a broad decline. It is reported that from May 13th to 15th, the average price of propylene in Shandong dropped from 6,898 RMB/ton to 6,818 RMB/ton, a decrease of 1.16% during the period.
Analysis review
Downstream, under cost pressure, procurement was cautious and the enthusiasm for entering the market was not high. Propylene enterprises had poor sales, and prices had been lowered to stimulate sales. In the short term, a decrease in prices can increase downstream market entry enthusiasm.
Market outlook
It is expected that the propylene market will maintain stability at low prices in the short term, and there is a high possibility of price reduction at high prices.
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