October 19th domestic propylene market overall steady downward trend. At present, the Shandong area of propylene quoted in the mainstream 7100-7300 yuan / ton; crude oil futures on Tuesday (October 18th) by the down turn up, hovering near the mark at about $50, due to the decline of the dollar, and market participants continue to evaluate the organization of Petroleum Exporting Countries (OPEC) may be cut. NYMEX11 month crude oil futures closed up $0.35, or 0.7%, to settle at $50.29 a barrel. December Brent crude futures rose $0.16, or 0.31%, to settle at $51.68 a barrel. Propylene is still stable. The high price of oil, to support the new propylene market supply end device started, but the device is debugging, no impact on the market, the downstream because of environmental inspection of epoxy propane operating capacity decline, other downstream operating smoothly, the market fell slightly. The specific need to continue to pay attention to propylene market supply side, the expected short-term propylene market balance of supply and demand, price stability.
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