SunSirs: Supply and Demand Was Stable, and Propylene Was Slightly Boosted Up
April 17 2023 11:42:41 SunSirs (John)
Price trend
According to monitoring data from SunSirs, the support for the propylene market in Shandong had become stronger recently, and prices had continued to rise slightly. The mainstream quotation in the Shandong market was 7,200-7,300 RMB/ton.
Analysis review
The supply and demand on the site remained stable, with little upstream inventory pressure and strong willingness to support prices. Downstream demand was mainly based on rigid demand, with stable demand. The current propylene market was in a stalemate.
Market outlook
With the continuous follow-up of downstream procurement, it is expected that the propylene market will show a stronger trend in the near future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
