Lead-in:Recently, crude oil has been weak due to the clear situation of Russia-Ukraine peace talks and the increase in OPEC+ production, which negatively impacted market sentiment. The raw material polypropylene market remains stable, providing insufficient cost support for downstream PP products. Currently, some product industries are in their traditional peak season, with improving market demand and rising orders, leading to a steady increase in raw material consumption. The overall operation rate of various PP product industries has not changed much from last week. Meanwhile, with the increase in product supply, the market is showing signs of oversupply. Prices in most downstream product industries remain stable, while some industries experience weak price adjustments.

From the feedback data of downstream products in various industries, the current consumption of raw materials in the PP products industry is showing an upward trend. The demand for spring farming, food, and daily necessities packaging, along with improved weather promoting residents' travel activities, is driving the terminal demand for products, resulting in an overall active trading atmosphere in the market. Major companies are actively purchasing raw materials based on orders, and the raw material inventory days have increased by 1.77% compared to last week. Meanwhile, with the increase in supply, the industry is facing severe competition, leading to generally weak adjustments in product prices and a narrowing profit margin. It is expected that in the future, supported by demand in April, the operating rate of the PP products industry may stabilize and rise, but there is still the possibility of continued price declines.

Stock Market Forecast Table

Going forward, the home appliance recycling and replacement policy is being strengthened and expanded, particularly with the upgrade to smart appliances and the popularization of green consumption concepts, which will drive the structural growth in demand for healthy home appliances, potentially boosting the sales of modified PP. As the weather warms up, terminal industries such as real estate, infrastructure, and agriculture will see improved demand, which to some extent will promote transactions in the plastic woven products and PP pipe industries. Additionally, with the upcoming Qingming Festival holiday, consumers will likely spend more time traveling, leading to a steady increase in the sales of food and disposable packaging. In summary, it is expected that positive support will continue into April, and there remains an optimistic outlook for the demand for PP products. The industry's operations are likely to remain stable with an upward trend.