Introduction: In March 2025, the domestic anti-crack copolymer polypropylene market ushered in the traditional peak season of "golden March and silver April," with prices rebounding from low levels, and mainstream grade prices surpassing 7600 yuan/ton. This rebound is primarily driven by supply-demand mismatches, coupled with policy stimulation and cost support, leading to a short-term market sentiment recovery. This article will analyze the logic behind this round of price increases from four dimensions: delayed capacity release, maintenance support, policies, and peak season demand, and will make predictions regarding future trends.

New production capacity start-up delay   Maintenance benefits support

China polypropylene plant maintenance weekly data and price comparison (yuan/ton, ten thousand tons)

Data source: Longzhong Information

This week, the maintenance loss of polypropylene units in China decreased by 2.33% month-on-month and increased by 17.29% year-on-year. This week, the maintenance volume of polypropylene units in China is 2.33% lower than the annual high and 56.70% higher than the annual low. As we enter April next week, the maintenance schedule for domestic polypropylene units is relatively concentrated, with an increase in planned maintenance units. However, previously maintained units are gradually restarting. As a result, barring any temporary shutdowns due to faults, the maintenance loss volume of the units may experience a slight decline.

In the first quarter, some newly added polypropylene production capacity was scheduled to be launched, but due to various reasons, the launch time of these capacities has been postponed to the later period. This has also resulted in the market supply during the "golden March and silver April" not being timely supplemented.

II. Policy Stimulus for Consumption  “Golden March and Silver April”Boost prices 

Analysis of the Price Trend of Domestic Polypropylene Market in 2024-2025 (Unit: Yuan/Ton)

Data source: Longzhong Information

During the "Golden March and Silver April" period, downstream enterprises gradually increased production activities, leading to a rise in demand for impact copolymer polypropylene. The home appliance industry typically ramps up production during this time to prepare for the upcoming sales peak, while the automotive industry's production is also continuously recovering and improving, both of which have stimulated the demand for impact copolymer polypropylene. The prices of impact copolymer have begun to rebound from the bottom and are showing an upward trend.

Three, Future Predictions

In the short term, a trend of fluctuating upward movement will be maintained. On one hand, the consumption benefits of the "golden March and silver April" will continue, and the demand from downstream enterprises will remain relatively strong, which will provide certain support for prices. On the other hand, cost pressures still exist; fluctuations in crude oil prices and rising prices of other raw materials will keep the production costs of impact copolymer polypropylene high. Therefore, in the short term, the price of impact copolymer polypropylene is expected to continue to rise, but the extent of the increase may be affected by market supply conditions. It is expected that the price of low melt copolymer will fluctuate between 7350 and 7450 yuan/ton in the short term.