I. Focus Points

The U.S. continues sanctions on some oil-producing countries, raising market concerns about potential supply risks, leading to a rise in international oil prices. NYMEXCrude oil futuresThe May 05 contract increased by $0.27/barrel to 69.92, up 0.39% from the previous day; the ICE Brent crude futures May 05 contract rose by $0.24/barrel to 74.03, up 0.33% from the previous day. China's INE crude oil futures main contract 2505 increased by 4.0 yuan to 543.4 yuan/barrel, and the night session fell by 0.4 yuan to 543 yuan/barrel.

The FOB Korea for propylene is steady at $800/ton, and the CFR China is steady at $830/ton.

In this cycle (March 21, 2025 - March 27, 2025), the operating rate of polypropylene capacity decreased by 0.56% compared to the previous period to 76.42%, and the operating rate of Sinopec's capacity decreased by 1.63% to 85.49%.

4. This week, domestic polypropylene production was 732,000 tons, a decrease of 600 tons compared to last week's 732,600 tons, a drop of 0.08%. Compared to the same period last year at 623,800 tons, it increased by 108,200 tons, a rise of 17.35%.

Core logic:Demand performance is mediocre, and there is a lack of momentum in the market.

II. Price List

III. Market Outlook

Recently, international oil prices have continued to rise, strengthening cost support for PP and benefiting spot plastic quotations. Maintenance of upstream production facilities is concentrated, with weekly output data continuing to decline. Coupled with limited short-term volume from new capacity, supply pressure remains manageable. Downstream operations are gradually improving, but procurement remains relatively cautious. It is expected today that...Polypropylene marketInterval sorting.

IV. Data Calendar