I. Focus Points

1. 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, Propylene FOB Korea steady at 810 USD/ton, CFR China steady at 830 USD/ton.

3, the polypropylene capacity utilization rate for this period (March 14, 2025 - March 20, 2025) decreased by 5.08% to 76.98%; Sinopec's capacity utilization rate decreased by 2.95% to 87.12%.

4. This week, the domestic polypropylene production was 732,600 tons, a decrease of 44,800 tons from last week's 777,400 tons, a decline of 5.76%. Compared to the same period last year at 642,500 tons, it increased by 90,100 tons, an increase of 14.02%.

core logic: input format:Downstream order follow-up is limited, and weak demand is insufficient to support prices.

II. Price List

Three, Market Outlook

Today, international oil prices have risen significantly, enhancing cost support and benefiting the spot quotations for plastics. The number of maintenance units at upstream production enterprises has increased, leading to a noticeable decline in weekly production data, and with no new capacity additions, the supply pressure is manageable. However, there has been no significant improvement in new orders from downstream factories, and overall weak demand provides insufficient support for PP prices. It is expected that the polypropylene market will fluctuate within a range today.

Four, Data Calendar