1today's summary

①、3/20: The US continues to strengthen sanctions against Iran, and the instability in the Middle East brings potential supply risks, leading to a rise in international oil prices.

②、PP market: As of midday, the mainstream price for drawing in East China is 7260-7420 yuan/ton.

2spot overview

With Shandong region as the benchmark, today's white transparent premium grade one pellet price closed at 5850 yuan/ton, with the market price trend remaining stable and consolidating, in line with early expectations.Market quotations are temporarily stable and stagnant, with limited follow-up demand downstream. Currently, the price of raw materials provides a certain level of cost support for recycled material quotations. Recycled material manufacturers are flexibly scheduling production and mostly purchasing based on their own needs.

3production dynamics

This week, the capacity utilization rate of the recycled PP market showed a slight fluctuation. The downstream terminals maintained a just-in-time purchasing pace. The supply of raw materials upstream remained tight, but the cost side was weighed down by buyers' price suppression, weakening the support for recycled materials. Recycled material enterprises were cautious in purchasing raw materials and flexibly scheduled production.

4price prediction

The trading atmosphere in the recycled PP market is lukewarm, with downstream manufacturers maintaining essential demand and mainly placing small orders. The trend of new material prices is weak, which negatively impacts the demand for recycled PP and suppresses the price of recycled materials. Downstream buyers are purchasing according to their needs and have a low acceptance of high-priced goods, mainly engaging in price-cutting procurement. It is expected that the market situation may stabilize and consolidate in the short term. It is recommended that companies purchase based on their actual needs.

5related product information

PPmarket:futures narrowly rose in the morning, todayRange fluctuation, international oil prices rise significantly, cost support strengthens, futures market shows an increase, but downstream factories have limited follow-up, general enthusiasm for spot purchases, market traders mainly proceed with cautious profit concessions, actual transactions. As of midday, the mainstream price of wire drawing in East China is 7260-7420 yuan/ton.