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Polypropylene Industry Profits Issue Warning05 30,2023
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Significant increase in domestic high-voltage production and narrowing of linear05 25,2023
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Weekly Market Forecast of Polypropylene Industry Chain05 17,2023
PP Grain Week Forecast: From a supply perspective, only 200000 tons of equipment in Luoyang are scheduled for maintenance this week, and the market supply pressure is still on the high side. On the demand side, downstream orders are not good. With the weak operation of the polyolefin market, downstream factories are mostly wait-and-see oriented, and demand performance is weak, resulting in slow destocking of two oil inventories. From a cost perspective, after a week of replenishment, the crude oil market will reassess the supply and demand environment. The decline in China's crude oil imports in April may dampen the demand side, while OPEC+expands its production reduction scale, which also supports the supply side. It is expected that crude oil prices will fluctuate mainly in the short term. In summary, it is expected that the domestic polypropylene market will maintain a weak consolidation. It is expected that the mainstream price of wire drawing will be between 7200 to 7500 yuan/ton, and the copolymerization will operate in the range of 7700 to 8100 yuan/ton. PP Powder Week Forecast: From a supply perspective, the overall operating level of powder materials is relatively low, and the on-site spot supply is average; From a cost perspective, the overall trend of international crude oil in the near future is average, and the propylene market is expected to continue to be weak, providing weaker support for powder cost; In terms of demand, the current terminal demand is limited, and downstream and traders mainly need to receive goods. The overall trading atmosphere on the market is weak, which to some extent has dragged down the market mentality. Therefore, it is expected that the short-term powder market price will continue to be weak. Shandong Mainstream is expected to cost 7000-7100 yuan/ton.
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How long does it take for the weak consolidation trend in the PE market?05 11,2023