Home > Information > News

The polypropylene market in the first quarter is difficult to break the deadlock. What will the market trend be in the future?

Jin Lian Chuang 2025-03-30 09:10:00

Data source: JLC Network Technology

Overall,2025In the first quarter of the year, the polypropylene market fluctuated and declined before stabilizing.1The polypropylene market has experienced fluctuations and is running weakly after the month.2The polypropylene market experienced wide fluctuations this month.3The polypropylene market has weakened and consolidated after a decline. Currently, the price of drawing wire is at7220-7450Yuan/Ton operation.

In terms of drawing.1MonthPPNew production capacity is being released, and in addition, domestic maintenance units are decreasing, leading to a gradual increase in supply. As the end of the month approaches the Spring Festival holiday, downstream operations are gradually shutting down for the holiday, resulting in weak demand.2In the first ten days of the month, faced with the pressure of inventory accumulation and the off-season for demand, merchants lowered their quotes to promote sales; after the Lantern Festival, downstream businesses gradually resumed work, but their purchasing remained at low prices.3In the month, some domestic facilities entered the maintenance cycle, providing slight support to the market; on the demand side, downstream orders were insufficient, and the recovery of demand was slow, causing the market price to decline; however, as the end of the month approaches,PP Stop falling and turn red, the spot price has entered a consolidation mode.

In terms of copolymerization, in the first quarter, companies that commonly produce copolymers, such as Shenhua Ningmei, Ningxia Baofeng, and Zhongtian Huarong, were all in normal production. Additionally, the copolymer production line of Datang Duolun Coal Chemical had a short downtime but quickly resumed operations. Overall, the supply of copolymer products was sufficient. In the first quarter, market sentiment was relatively cautious, with low enthusiasm for inquiries from downstream buyers. Transactions were mainly concentrated at low-end prices, which suppressed the rise in copolymer prices. In the first quarter, the highest quoted price for copolymers...8050Yuan/Ton, the lowest quotation is at7150Yuan/Tons, the current mainstream quotation for the copolymer is at7400-7650Yuan/ton.

In terms of demand, the average operating rate of downstream enterprises in the first quarter is30.2%-56.38%。1As the month approaches the Spring Festival holiday, terminal enterprises are increasingly shutting down for vacation, leading to a quiet atmosphere for industry inquiries. Plastic film merchants have weak order support, and the operating rate has decreased.2After the holiday in the month, downstream production gradually resumed, and the operating rate of the plastic film industry fluctuated upwards; entering...3As the demand for plastic woven bags in construction and agriculture increases, the production of plastic woven bags continues to rise. In addition, film manufacturers are delivering orders normally, and the overall operation of the plastic film industry shows an upward trend.

In the later stage, some new production lines in Baofeng, Inner Mongolia, are waiting to be put into production, while the ExxonMobil Huizhou ethylene project is planned.4Monthly production, even with new installations coming online, still faces issues of operational instability or slow capacity ramp-up, leading to a temporary alleviation of market supply pressure in the short term; on the demand side, downstream demand performance is poor, with limited follow-up on new orders from factories and a slowdown in corporate purchasing pace. In summary, it is expected that...4The polypropylene market has experienced wide fluctuations this month.

【Copyright and Disclaimer】The above information is collected and organized by PlastMatch. The copyright belongs to the original author. This article is reprinted for the purpose of providing more information, and it does not imply that PlastMatch endorses the views expressed in the article or guarantees its accuracy. If there are any errors in the source attribution or if your legitimate rights have been infringed, please contact us, and we will promptly correct or remove the content. If other media, websites, or individuals use the aforementioned content, they must clearly indicate the original source and origin of the work and assume legal responsibility on their own.

The polypropylene market in the first quarter is difficult to break the deadlock. What will the market trend be in the future?

Most Popular