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Health, Safety, Green, Environmental protection

Market recovering, environmental pressure to promote the acrylic products upward


Date:

2017-06-01

Propylene shows a low rebound slightly. Affected by the overhauls of propylene plants recently, there is a sharp decline in inventory; rebound will come sooner or later. As the industry has been recently focus attentions on the OPEC meeting on May 25, most people think that the cut of production is already a matter of course at this moment. The market is holding a wait and see attitude.

Propylene shows a low rebound slightly. Affected by the overhauls of propylene plants recently, there is a sharp decline in inventory; rebound will come sooner or later. As the industry has been recently focus attentions on the OPEC meeting on May 25, most people think that the cut of production is already a matter of course at this moment. The market is holding a wait and see attitude.

Crude oil market

As of May 24, the crude oil price has risen for 5 consecutive days. Under the impact of investors' leaving after profits, the international oil prices fell slightly on the 24th.

Light crude oil futures delivered in July fell by $ 0.11 at New York Mercantile Exchange, close at $ 51.36 a barrel, down 0.2%. The crude oil futures delivered in July at London Brent fell $ 0.19, close at $ 53.96 a barrel, down 0.4%. The direction of the market needs in the future depends on the outcome of the OPEC meeting.

Propylene

South Korea's SK energy catalytic cracking unit planned to carry out maintenance, and the maintenance period is from May 21 to the end of June, with an annual capacity of 200,000 tons. 30% of the import source for the domestic propylene market is from South Korea, and the aforementioned maintenance has even more intensified of the shortage of market supply.

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