As it is reported that OPEC countries will not increase production, international oil prices rose on Monday. Domestic propylene market sentiment continues to weaken and prices were still on adjustment.
On December 5, mainstream price in Shandong market maintained at 10400-10500 yuan per ton, with slight slowdown in shipment speed, some manufacturers cut 50 yuan in price.
Mainstream market price in Hebei stabilized at 10,300 yuan per ton, sales were decent.
In Northeast market, mainstream price was stable at 9800-10300 yuan per ton, sales relatively stable.
In Northwest market, it stabilized at 9350-9770 yuan per ton with smooth sales.
Downstream polypropylene market is dull, domestic propylene market continues its waving trend.
Today, producer's propylene price of Qingdao refinery is stabilized; the current implementation price is at 10,510 yuan per ton (including 10 yuan loading fare).
The actual trade price is slightly floating. Device operating is normal. Manufacturer still reflects that sales are fair and inventory at moderate level.
Qingdao refinery factory has an annual capacity of 80,000 tons of propylene.
Fibre2fashion News Desk - China
marketing@alchempro.com
