Focus Points

On April 1st, the market focus shifted from sanctions on oil-producing countries to the U.S. tariff hike policy, with concerns that the demand outlook would be dragged down, causing international oil prices to fall. NYMEXCrude Oil FuturesThe May contract for crude oil fell by $0.28 to $71.20 per barrel, a month-on-month decrease of 0.39%; the ICE Brent futures contract for June fell by $0.28 to $74.49 per barrel, a month-on-month decrease of 0.37%. The main contract for China's INE crude oil futures, 2505, rose by 11.6 to 549 yuan per barrel, and increased by 4.3 to 553.3 yuan per barrel during the night session.

2, PolypropyleneXin:Futures fluctuated and rose during the session, with the market quotations mainly stable and some slightly higher in the morning. Crude oil price Prices are rising, with cost support strengthening. End-users are maintaining rigid demand for restocking, but there is no significant shift in demand. Market activity remains subdued, with actual transactions being negotiated. As of midday, the mainstream price for wire drawing in East China is between 7300 and 7440 yuan per ton.

3、BOPP ： PP futures High-level consolidation, the spot market adjusted slightly by 10-20 yuan per ton. The ex-factory prices of petrochemical producers remained largely stable, providing steady cost support. Film manufacturers also maintained stable ex-factory prices, with mainstream market prices stabilizing as well. Downstream inquiry activity was lukewarm, and transactions in the market were mostly small orders based on essential needs.

Unit: yuan/ton

Two, Market Outlook

RegenerationPP MarketThe trading atmosphere was subdued, with downstream buyers maintaining a hand-to-mouth purchasing approach. The spot market for virgin materials saw weak price trends, with the price gap between virgin and recycled materials remaining at an unreasonably low level. Recyclers adjusted their offers in line with market conditions.Offers are mostly stable, with cautious market sentiment.The market is expected to remain stable today, with consolidation likely. It is recommended to closely monitor changes in upstream supply and downstream demand.