[Price Summary] Overall Trend Weakens Downward, Recycled PP May Continue to Fluctuate Weakly

Today, the recycled PP market overall showed a weak downward trend. Mainstream grades in Shandong, Hebei, and Jiangsu were all uniformly reduced by RMB 150/ton. Spot quotations in different regions declined divergently: premium first-grade white transparent pellets in Shandong were quoted at RMB 6,050/ton, down 2.42% from the previous working day; premium white transparent pellets in Hebei were quoted at RMB 5,600/ton, down 2.61%; and white PPR regrind in Jiangsu was quoted at RMB 4,950/ton, down 2.94%.

The slight increase in the cost of new PP materials provides weak support, unable to offset the negative impact from the demand side. Downstream product manufacturers are insufficiently following up on orders, leading traders in the market to generally offer discounts to move inventory. The atmosphere in the market is heavily cautious, with recycling processing companies only relying on old orders for essential shipments and lacking any proactive inventory stocking intentions.

The short-term recycled PP market lacks substantial demand-side support, and the trend is likely to continue weak and volatile. It is recommended that purchasers maintain low inventory levels, restocking in small batches as needed, and avoid large-scale hoarding.