December 2019 is destined to be an extraordinary month for polypropylene
From January to October, in terms of the average price of polypropylene produced by different processes, the best profit is obtained from propane dehydrogenation to produce polypropylene, with an average of 2,228 yuan/ton
Cost support, propane: the second half of December imported more ships than the first half, which hit the domestic market to a certain extent
In terms of polypropylene price: In December, the spot price of polypropylene hit a new low for the year, and the center of gravity moved down rapidly after the middle of the month.
As of now, the drawing price has dropped to 7450-7800 yuan / ton
In terms of PDH profit: as the transaction price of propane gradually rises to a high level, the downstream resistance to high-level resources gradually rises, the market transaction atmosphere gradually weakens, the refinery continues to rise due to lack of motivation, and the trader returns to stability, but the international spot supply is tight in the later period.
The domestic weather and temperature continued to decline, and the end-user inventory consumption cycle was shortened.
The CP is expected to rise in January