Core Logic: Declining international crude oil prices, narrow fluctuations in production costs, and a widening price spread between PP and propylene.
| Product | Region | Sep 22 | Sep 21 | Change Rate |
|---|---|---|---|---|
| Propylene | Shandong | 9,300–9,450 | 9,550–9,600 | -2.09% |
| Propylene | East China | 9,500–9,550 | 9,700–9,750 | -2.06% |
| Propylene | Northeast China | 8,950–9,060 | 9,170–9,280 | -2.38% |
| Propylene | Northwest China | 8,990–8,990 | 9,165–9,165 | -1.91% |
| Notes: 1. This table reflects mainstream prices in major trading markets for propylene. All prices are tax-inclusive, denominated in CNY/ton. 2. The two periods represent point-in-time prices from the preceding two working weeks prior to this week, not weekly averages. 3. The change rate refers to the week-on-week variation. |
International crude oil prices continue their downward trend, weakening cost support. Meanwhile, corporate shipment performance is diverging, and market sentiment remains cautious, exerting some pressure on price movements. Propylene market prices are expected to trade weakly today.
| Indicator | Release Date | Previous Data | Current Trend Forecast |
|---|---|---|---|
| Weekly Output | Thu 16:00 PM | 1.1793 million tons | ↘ |
| Capacity Utilization (PDH) | Thu 16:00 PM | 79.21% | ↘ |
| Downstream Operating Rate (PP Powder) | Thu 16:00 PM | 24.22% | ↘ |
| Downstream Operating Rate (PO) | Thu 16:00 PM | 67.3% | ↗ |
| Notes: 1. ↓↑ indicates significant fluctuation, highlighting changes exceeding 3%. 2. ↘↗ indicates narrow fluctuation, highlighting changes within 0–3%. |
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