Since the beginning of 2022, restricted by various unfavorable factors, the PP powder market has been overwhelmed. The market price has been declining since May, and the powder industry is under great pressure. However, with the advent of the "Golden Nine" peak season, the strong trend of PP futures boosted the spot market to a certain extent. In addition, the rise in the price of propylene monomer gave strong support for powder materials, and businessmen's mentality improved, and the powder material market prices began to rise. So can the market price continue to be strong in the later stage, and is the market trend worth looking forward to?

In terms of demand: In September, the average operating rate of the plastic weaving industry has mainly increased, and the average operating rate of domestic plastic weaving is about 41%. The main reason is that as the high temperature weather recedes, the influence of the power curtailment policy has weakened, and with the advent of the peak season of plastic weaving demand, the overall orders of the plastic weaving industry have improved compared with the previous period, which has increased the enthusiasm of the plastic weaving industry to start construction to a certain extent. And now that the holiday is approaching, the downstream is properly replenished, which drives the trading atmosphere of the powder market to pick up, and supports the powder market offer to a certain extent.

Supply: At present, there are many parking devices in the polypropylene powder yard. Guangqing Plastic Industry, Zibo Nuohong, Zibo Yuanshun, Liaohe Petrochemical and other manufacturers that have parked in the early stage have not restarted construction at present, and the current price of propylene monomer is relatively strong. The price difference between propylene monomer and powder material has further narrowed, and the profit pressure of powder material enterprises has increased. Therefore, the overall operating rate of the powder industry is mainly operating at a low level, and there is no supply pressure in the field to temporarily support the powder market offer.

In terms of cost: the recent international crude oil prices were mixed, but the overall trend was weak and fell sharply. However, the start-up of propylene monomer production units that were expected to be restarted in the early stage was delayed, and the commissioning of some new units in Shandong was suspended. In addition, the supply of goods from the northwest and northeast regions decreased, the overall supply and demand pressure was controllable, the market fundamentals were positive factors, and the propylene market price rose strongly. Push, giving strong support for powder costs.

To sum up, it is expected that the market price of polypropylene powder will mainly rise in September, and there is an expectation of recovery, which is worth looking forward to.