Pp weekly review: Positive Signals from Macro Policy Boost Polypropylene Market to Rise from Low Levels

1.  This Week's Market Focus

1 Production: This weekThe domestic polypropylene production is 789,200 tons, an increase of 11,600 tons compared to last week's 777,600 tons, with a growth rate of 1.49%; compared to 670,000 tons in the same period last year, it has increased by 119,200 tons, with a growth rate of 17.79%. The polypropylene production is estimated to be around 813,000 tons next week. 。

2 Request:The average operating rate of downstream industries for polypropylene is generally on the rise, with only slight declines in plastic weaving and modified PP. In terms of modified polypropylene, the market growth rate faces pressure later in the month due to concentrated consumption during the National Day holiday, along with maintenance and cleaning of some facilities at the end of the month, resulting in a slight decline in operating rates for the modified polypropylene industry this week. Supported by the Double Eleven e-commerce festival activities, demand for food packaging and daily packaging has increased, providing significant support for the operating rates of industries such as BOPP, CPP, daily injection molding, and transparent PP. Additionally, due to the colder weather, demand for diapers, masks, and agricultural cold-resistant fabrics has risen, while orders for cement bags and PP pipes have slowed. The fourth quarter is the peak season for industry demand, and it is expected that the operating rates of the polypropylene products industry will continue to rise next week. 。

3 ) Inventory: As of 2025 Year 10 Month 29 On [date], the total commercial inventory of polypropylene in China was [amount]. 87.40 10,000 tons, a decrease from the previous period. 5.13 10,000 tons, a month-on-month decrease 5.94% Among them, the total inventory of manufacturing enterprises month-on-month. -6.80% Sample trader inventory month-on-month -2.89% Sample port warehouse inventory month-on-month -2.25% In terms of inventory by variety, the stock of the drawing-grade... -17.45% Fiber-grade inventory month-on-month +1.40% 。

2. This Week's Market Analysis

Domestic Polypropylene Market Price Weekly Fluctuation Table

Unit: Yuan / Ton

Data Source: Longzhong Information

This week, polypropylene prices moved up from a low level. By the 30th, the national average price for raffia was 6,603 yuan/ton, an increase of 8 yuan/ton from last week, with a rise of 0.12%. Macroeconomic policies set the direction for economic goals during the Fourth Plenary Session, boosting market sentiment and leading to consecutive upward movements that prompted a slight market follow-up. Within the week, after several days of rising, crude oil prices weakened, highlighting market fatigue and weakening fundamental drivers. Guangxi Petrochemical's new 400,000-ton unit began trial operations, and with the return of previously shut down units, supply-side pressure remains high. On the demand side, downstream industries engaged in phased restocking when prices were low, but the lack of a strong peak season trend led to insufficient drivers, making it difficult to effectively support a halt in the decline of PP prices. Currently, there are many macroeconomic disturbances. Price increases are constrained by supply and demand pressures, maintaining a short-term trend of high-level corrections.

3. Market Influencing Factors

This issue's The supply-demand balance continues to maintain a tight equilibrium. This will provide some support to market prices. The supply-demand balance for the next period is expected to widen due to continued strong demand, which is expected to have a bullish impact on prices. 。

4. Market forecast for next week

Expected In the next period, the polypropylene market is expected to experience cautious fluctuations with opportunities for upward movement, driven by marginal benefits in supply and demand and enhanced cost support. Key Focus Areas: 1. Slowing supply-side growth. The addition of new capacity is nearing its end for the year, and maintenance benefits are helping to propel the market forward. 2. Slow upward demand. Promotions on e-commerce platforms are driving demand for small appliances and packaging, with most downstream sectors following suit gradually. 3. Persistent cost support. Concerns over geopolitical issues are rising again, leading to expectations of higher oil-based costs; propane, affected by crude oil, presents an opportunity for short-term PDH cost support to rise. 。