The device starts, the recent major downstream powder material, propylene butyl octanol operating rate declined, the remaining products also declined to some extent, thus reducing the demand for propylene, and later with the Spring Festival approaching, the downstream plant operating rate will decline further holiday. Propylene demand is difficult to improve.
| sodium bisulfite |
The price of crude oil fell bad market mentality
On Monday, oil prices fell nearly 4%, due to market concerns about Iraqi oil exports hit a record high, U.S. crude oil production rose to fear production effect, the dollar fell not for price declines. U.S. WTI crude oil futures prices hitting an intraday low of $51.83 / barrel. As of closing, WTI crude oil futures fell 3.76% to $51.96 a barrel, Brent crude oil futures fell 3.78% to $54.94 a barrel. Crude oil fell sharply, bad propylene market mentality.
| sodium bisulphate |
In summary, propylene downstream market more than the decline in crude oil prices fell sharply and the bad market mentality, coupled with the Spring Festival approaching, the downstream plant will have a holiday, reduce the demand for propylene. The multi negative influence, propylene sentiment unabated, short-term prices weak shocks.
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