I. Focus Points

1, 3/3: The market is concerned that additional tariffs imposed by the US could drag down the global economy and demand. It remains uncertain whether OPEC+ will delay its production increase plan, leading to a decline in international oil prices. NYMEX crude oil futures for April fell by $1.39 per barrel to $68.37, a decrease of -1.99% month-over-month; ICE Brent crude futures for May fell by $1.19 per barrel to $71.62, a decrease of -1.63% month-over-month. China's INE crude oil futures main contract 2504 fell by 3.3 to 539.2 yuan per barrel, with night trading falling by 12.7 to 526.5 yuan per barrel.

2, 3/3: Propylene FOB Korea was at $825 per ton, while CFR China fell by $5 to $850 per ton.

3, 3/3: Details of changes in domestic PP maintenance facilities: Sichuan Petrochemical (450,000 tons/year) PP facility restarted. Guangdong Petrochemical Line 1 (500,000 tons/year) PP facility restarted.

Core Logic: Downstream demand continues to recover, market sentiment slightly improves.

II. Price Table

 III. Market Outlook

Yesterday, some maintenance facilities resumed operations, resulting in a slight increase in supply. Downstream demand remained flat, with limited order growth. Most buyers continued to purchase based on immediate needs. However, as the Two Sessions approach, market sentiment has improved slightly, and industry players are hoping for the introduction of macroeconomic stimulus policies to boost the market. It is expected that today's polypropylene market will mainly consolidate within a range, with mainstream prices for wire drawing in East China ranging from 7340 to 7460 yuan per ton.

IV. Data Calendar