I. Focus Points

1. On March 27, the United States extended sanctions on certain oil-producing countries, raising market concerns about potential supply risks, leading to an increase in international oil prices. NYMEXCrude oil futuresThe 05 contract rose to $69.92, an increase of $0.27 per barrel, up 0.39% month-on-month; the ICE Brent crude oil futures 05 contract rose to $74.03, an increase of $0.24 per barrel, up 0.33%. The main contract for China's INE crude oil futures 2505 rose by 4.0 to 543.4 yuan per barrel, and during the night session, it fell by 0.4 to 543 yuan per barrel.

2. Polypropylene: Futures are fluctuating within a range, with demand slowly following up. Most factories are primarily engaged in essential procurement, with low willingness to replenish inventory. The supply side is relatively stable, and under the supply-demand game,There will be little change, with stability being the main focus in the short term. As of noon, the mainstream price for wire drawing in East China is between 7280 and 7450 yuan/ton.

3、BOPP：

II. Market Outlook

RebirthPP marketThe market is stable and consolidating, with downstream inquiries and purchases maintaining cautious just-in-time demand. The trading atmosphere in the market is flat, and the sentiment of waiting and seeing persists. The prices in the new material market are stabilizing and adjusting. The price difference between new and old materials is at a low and unreasonable level, restraining the prices and trading conditions of recycled materials. Enterprises are selling based on market conditions. It is expected that today's market will remain in a stalemate and consolidation. It is recommended to closely monitor changes in upstream supply and downstream demand.