April PP Market Focus
The polypropylene market has finally stopped falling in the past two days.3Since the beginning of the month, the peak season has not been strong, and the prices of polypropylene across major regions and various grades have continued to decline, with prices in North China once experiencing... 7150Yuan/Ton resources. Nearby.4The moon, the market can improve, mainly affected by the following factors.
Supply chain3Some upstream companies in the lunar phase may increase maintenance to alleviate supply pressure, but entering...4A month later, as domestic maintenance facilities gradually resume operations, coupled with the further deployment of new capacities such as Inner Mongolia Baofeng and Exxon Huizhou, the market supply pressure may increase again.
On the demand side, traditional downstream industries (such as plastic weaving,BOPPLong-term slowness of start-up rate, gradual transfer of industries to the outside, and soft demand in domestic to bear prices.
The domestic petrochemical sector saw a noticeable decline in polypropylene prices in March, compressing profits for petrochemical companies, and it is possible that this trend may continue.4The increase in operating maintenance in the months ahead suggests that timely attention to petrochemical maintenance news reports is advisable.
The attitude of downstream factories is generally oriented towards receiving goods, but in reality, the buyers' attitude is more conservative, with most TFTA buyers opting to buy in advance and prefer to lock the delivery.
At the wholesale level: Weak market performance in late March led to active short-term sales by traders, repatriation of funds, and slowing transfer speed of crude oil inventories.4Weak market sentiment in the month, inventory is expected to remain low at the social level.
In terms of imports and exports: The polypropylene raw material export market is expected to be affected by weakening overseas demand and increased shipping costs. 4Weak monthly export figures offer limited pull on domestic markets. Imported raw materials are mainly specialty materials, injection molding dominates the report.925-1083USD/Ton, co-polymer mainstream market quotation967-1080USD/tons, expected in the short term USD PPMarket fluctuations are mainly adjusted
Overall, the supply-demand imbalance remains significant, with prices likely to show a weak and volatile trend due to both oversupply and weak demand. However, with the previous noticeable decline in polypropylene prices compressing the profit margins of petrochemical companies, there could be an increase in production maintenance shutdowns. If such maintenance is more frequent than anticipated, it could provide support.PP价格,预计PPGrain prices are fluctuating widely at low levels, with an overall weak trend. Taking East China as an example, it is expected that...PPThe price of wire drawing is hovering around.7200-7450Yuan/ton
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