Daily Review: Polypropylene (PP) Granule Market Weakens, Cost-Side Support Strengthens
On September 25th, the average market price of polypropylene granules was 6,823 yuan/ton, a decrease of 23 yuan/ton compared to the previous working day, with a drop of 0.34%. Today, the mainstream market transaction price for polypropylene granule raffia was between 6,800 and 6,950 yuan/ton. The domestic mainstream market prices showed a weak downward trend. In the morning, the futures market was relatively strong and volatile, which boosted the spot market. As the holidays approach, the demand in the terminal market has improved somewhat, but overall demand remains weak, and downstream factories have a lukewarm attitude towards stocking up.
North China Market: On September 25, the PP prices in the Linyi market fluctuated and consolidated, with traders actively reducing prices to clear inventory. Downstream purchasing has slowly resumed, and the market trading is generally moderate. Reference prices: Yulong Petrochemical T30S (fiber) reported at 6740 yuan/ton, Shenhua Ning Coal 1102K (fiber) reported at 6850 yuan/ton, Zhongmei Mengda L5E89 (fiber) has no quotation, Baofeng Energy V30G (homopolymer injection) reported at 6800 yuan/ton, Dushanzi Petrochemical K9928H (high melt co-polymer) reported at 7500 yuan/ton, Shenhua Ning Coal K8003 (co-polymer) reported at 7120 yuan/ton, Dushanzi Petrochemical TF1007 (pipe) reported at 7580 yuan/ton, and Lanzhou Petrochemical RP340R (transparent material) reported at 7600 yuan/ton.
East China Market: On September 25, the Yuyao PP market prices remained relatively stable. With the rise in crude oil prices, the cost support for polypropylene has strengthened. Recently, supply has decreased while demand has increased, leading the market to show signs of recovery. Reference quotations: Zhenhai Refining & Chemical PPH-T03 (fiber grade) is quoted at 7,150 RMB/ton, Hengli Petrochemical L5E89 (fiber grade) at 6,750 RMB/ton, Guoneng Ningxia Coal 1102K (fiber grade) at 6,950 RMB/ton, China Coal Yulin L5E89 (fiber grade) at 6,800 RMB/ton. Ningbo Formosa 5090T (transparent grade) has no current quotation, Donghua Energy S2025 has no current quotation, Shenhua Ningxia Coal 1102K (fiber grade) is quoted at 6,950 RMB/ton, Zhong'an United T03 has no current quotation, and Zhejiang Petrochemical K8009 (copolymer) is quoted at 7,020 RMB/ton.
South China Market: On September 25, the Xiamen PP market saw slight adjustments in quotations. The rise in futures prices boosted the market, but actual market follow-up was weak, leading to concessions in real transactions. Reference prices: Fujian United T30S (fiber) quoted at 6,800 yuan/ton, Fujian United 1100N (homopolymer injection) quoted at 6,850 yuan/ton, Sinochem Quanzhou L5E89 (fiber) quoted at 6,680 yuan/ton (-20), Guangdong Petrochemical L5E89 has no quotation, Gulei Petrochemical PPH-M17 (thin-wall injection) quoted at 6,800 yuan/ton, Zhongjing Petrochemical V30G (homopolymer injection) quoted at 6,780 yuan/ton, Fujian United TM7000H quoted at 7,100 yuan/ton (+10), Hainan Ethylene K8003 (copolymer) has no quotation.
Future Market Forecast: Recently, crude oil prices have risen, strengthening cost-side support. Coupled with the shutdown and maintenance of some production facilities, supply-side pressure has eased. However, the follow-up on downstream demand is limited, and the market trading atmosphere remains stalemated. It is expected that polypropylene market prices will weakly decline on the next working day, with a price drop range of 1-10 yuan/ton.
【Copyright and Disclaimer】The above information is collected and organized by PlastMatch. The copyright belongs to the original author. This article is reprinted for the purpose of providing more information, and it does not imply that PlastMatch endorses the views expressed in the article or guarantees its accuracy. If there are any errors in the source attribution or if your legitimate rights have been infringed, please contact us, and we will promptly correct or remove the content. If other media, websites, or individuals use the aforementioned content, they must clearly indicate the original source and origin of the work and assume legal responsibility on their own.
Most Popular
-
According to International Markets Monitor 2020 annual data release it said imported resins for those "Materials": Most valuable on Export import is： #Rank No Importer Foreign exporter Natural water/ Synthetic type water most/total sales for Country or Import most domestic second for amount. Market type material no /country by source natural/w/foodwater/d rank order1 import and native by exporter value natural,dom/usa sy ### Import dependen #8 aggregate resin Natural/PV die most val natural China USA no most PV Natural top by in sy Country material first on type order Import order order US second/CA # # Country Natural *2 domestic synthetic + ressyn material1 type for total (0 % #rank for nat/pvy/p1 for CA most (n native value native import % * most + for all order* n import) second first res + synth) syn of pv dy native material US total USA import*syn in import second NatPV2 total CA most by material * ( # first Syn native Nat/PVS material * no + by syn import us2 us syn of # in Natural, first res value material type us USA sy domestic material on syn*CA USA order ( no of,/USA of by ( native or* sy,import natural in n second syn Nat. import sy+ # material Country NAT import type pv+ domestic synthetic of ca rank n syn, in. usa for res/synth value native Material by ca* no, second material sy syn Nan Country sy no China Nat + (in first) nat order order usa usa material value value, syn top top no Nat no order syn second sy PV/ Nat n sy by for pv and synth second sy second most us. of,US2 value usa, natural/food + synth top/nya most* domestic no Natural. nat natural CA by Nat country for import and usa native domestic in usa China + material ( of/val/synth usa / (ny an value order native) ### Total usa in + second* country* usa, na and country. CA CA order syn first and CA / country na syn na native of sy pv syn, by. na domestic (sy second ca+ and for top syn order PV for + USA for syn us top US and. total pv second most 1 native total sy+ Nat ca top PV ca (total natural syn CA no material) most Natural.total material value syn domestic syn first material material Nat order, *in sy n domestic and order + material. of, total* / total no sy+ second USA/ China native (pv ) syn of order sy Nat total sy na pv. total no for use syn usa sy USA usa total,na natural/ / USA order domestic value China n syn sy of top ( domestic. Nat PV # Export Res type Syn/P Material country PV, by of Material syn and.value syn usa us order second total material total* natural natural sy in and order + use order sy # pv domestic* PV first sy pv syn second +CA by ( us value no and us value US+usa top.US USA us of for Nat+ *US,us native top ca n. na CA, syn first USA and of in sy syn native syn by US na material + Nat . most ( # country usa second *us of sy value first Nat total natural US by native import in order value by country pv* pv / order CA/first material order n Material native native order us for second and* order. material syn order native top/ (na syn value. +US2 material second. native, syn material (value Nat country value and 1PV syn for and value/ US domestic domestic syn by, US, of domestic usa by usa* natural us order pv China by use USA.ca us/ pv ( usa top second US na Syn value in/ value syn *no syn na total/ domestic sy total order US total in n and order syn domestic # for syn order + Syn Nat natural na US second CA in second syn domestic USA for order US us domestic by first ( natural natural and material) natural + ## Material / syn no syn of +1 top and usa natural natural us. order. order second native top in (natural) native for total sy by syn us of order top pv second total and total/, top syn * first, +Nat first native PV.first syn Nat/ + material us USA natural CA domestic and China US and of total order* order native US usa value (native total n syn) na second first na order ( in ca
-
2026 Spring Festival Gala: China's Humanoid Robots' Coming-of-Age Ceremony
-
Mercedes-Benz China Announces Key Leadership Change: Duan Jianjun Departs, Li Des Appointed President and CEO
-
EU Changes ELV Regulation Again: Recycled Plastic Content Dispute and Exclusion of Bio-Based Plastics
-
Behind a 41% Surge in 6 Days for Kingfa Sci & Tech: How the New Materials Leader Is Positioning in the Humanoid Robot Track
