1, 3/4: The U.S. tariff increase policy has sparked potential trade dispute risks, coupled with OPEC+ planning a small production increase from April, leading to a decline in international oil prices. NYMEX crude oil futures 04 contract fell by $0.11 to $68.26 per barrel, down -0.16% month-over-month; ICE Brent crude oil futures 05 contract fell by $0.58 to $71.04 per barrel, down -0.81% month-over-month. China's INE crude oil futures main contract 2504 fell by 7.7 to 531.5 yuan per barrel, and night session fell by 12.7 to 518.8 yuan per barrel.

2, 3/4: Propylene FOB Korea remained stable at $825 per ton, and CFR China remained stable at $850 per ton.

3, 3/4: There were no changes in domestic PP maintenance facilities yesterday.

4, According to Longzhong Information on March 5: The two oils' polyolefin inventory was 825,000 tons in the morning, a decrease of 20,000 tons from the previous day.

Core Logic: With the fall in oil prices, the cost support for polypropylene is insufficient.

II. Price List

 III. Market Outlook

Currently, oil prices are showing a downward trend, which is insufficient to support the cost of polypropylene. The supply side remains relatively stable, and the operating load of downstream enterprises is gradually increasing. However, due to insufficient orders and high inventory pressure, raw material purchases are relatively cautious. In the short term, there are no clear signals to boost the market. It is expected that today's polypropylene market will mainly consolidate within a range, with the mainstream price of drawing in East China ranging from 7330 to 7430 yuan per ton.