I. Key Points
Rising International Crude Oil Prices: On Friday (October 9), NYMEX WTI crude oil futures for the November contract rose by $0.36/barrel to $91.85, a week-over-week increase of +0.39%. ICE Brent crude oil futures for the December contract rose by $0.44/barrel to $104.72, a week-over-week increase of +0.42%. China INE crude oil futures for the November 2026 contract rose by 3.9 yuan/barrel to 741.3 yuan/barrel during the day session, but fell by 1.5 yuan/barrel to 739.8 yuan/barrel in the night session.
Propylene Production Costs: As of October 9, the cost of propylene produced via naphtha cracking was approximately 9,446 yuan/ton; via PDH (Propane Dehydrogenation) it was approximately 10,037 yuan/ton; and via external methanol sourcing it was approximately 14,230 yuan/ton.
Market Price Spread: As of October 10, the Shandong market price for propylene was 10,550 yuan/ton, while Polypropylene (PP) powder (Linyi 045 grade) was priced at 10,480 yuan/ton, indicating a narrow spread between the two.
Core Logic: Rising international crude oil prices, minor fluctuations in production costs, and a narrow price spread between PP and propylene.
II. Price Table
| Product | Region | Oct 8 | Oct 10 | Change Rate |
|---|---|---|---|---|
| Propylene | Shandong | 9,980-10,170 | 10,500-10,600 | +4.71% |
| Propylene | East China | 9,900-10,150 | 10,360-10,450 | +3.79% |
| Propylene | Northeast China | 9,650-9,760 | 10,150-10,260 | +5.15% |
| Propylene | Northwest China | 9,660-9,660 | 10,102-10,102 | +4.58% |
| Notes: 1. This table selects mainstream prices from key trading markets for propylene. All prices are tax-inclusive and denominated in yuan/ton. 2. The prices represent point-in-time values from the two preceding working weeks, not weekly averages. 3. The change rate refers to the week-over-week percentage change. |
III. Data Table
| Propylene Industry Supply & Demand Data | ||||
|---|---|---|---|---|
| Data Type | Oct 8 | Oct 1 | Change Rate | Weekly Outlook |
| Weekly Output | 1.1433 million tons | 1.1234 million tons | 1.77% | ↘ |
| Capacity Utilization (PDH) | 69.27% | 66.47% | 4.21% | ↘ |
| Production Profit (PDH) | - | - | - | ↘ |
| Notes: 1. Daily output data compares sample daily production across all enterprises nationwide over the past two working weeks. 2. Capacity utilization reflects the ratio of actual plant output to total capacity, serving as a production indicator. 3. Production profit is industry-level data reflecting the overall profitability in mainstream regions, calculated as the ratio of industry profit to average price. |
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