I. Focus Points

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. NYMEX04 contract 68.26 up 1.10 USD/barrel, MoM +1.64%; ICE Brent crude futures 05 contract 72.00 up 1.22 USD/barrel, MoM +1.72%. China INE crude oil futures main contract 2505 up 0.6 to 522 CNY/barrel, night session up 12.1 to 534.1 CNY/barrel.

2, Polypropylene: The futures market continued to show a narrow range fluctuation trend, with middlemen offering discounts on sales. The focus of spot quotations slightly decreased, and supply saw a small reduction. However, the recovery of terminal demand was below expectations, providing limited support to prices, and the trading atmosphere in the market was average. By midday, the mainstream price for drawing in East China was 7260-7420 yuan/ton.

3、BOPP：Low opening with upward exploration, spot market prices decreased by 10-50 yuan/ton, some petrochemical ex-factory prices dropped, cost support is mostly weak, film enterprises' ex-factory prices are basically stable, a few decreased by a hundred yuan, the mainstream market prices tend to stabilize, the inquiry atmosphere in the market is average, maintaining just-in-time follow-up.

Market Outlook

regenerationThe overall trend fluctuates slightly, with downstream purchases made according to demand, and the market trading atmosphere is平淡. The increase in orders within the market is limited, and the inquiry and purchasing atmosphere is average. There is a strong wait-and-see sentiment in the market. The price of new materials is consolidating at a lower level, and the narrowing price gap between new and old materials currently provides no support to the market. Recycling companies are selling goods according to the market situation. It is expected that today's market trend may continue to consolidate, and it is recommended to closely monitor changes in upstream supply and downstream demand. Note: "平淡" was left untranslated as its direct translation would be "dull/flat," which might not fully capture the intended meaning in this context. If you prefer a specific translation for "平淡," please let me know.