From the perspective of supply, the China South Korea Third Line and Fulian Small Line have been restarted, the Baofeng Old Line in Ningxia is planned to be restarted, and the Zhejiang Petrochemical Third Line, Daxie Petrochemical, Ningbo Formosa Plastics Double Line are planned to be shut down for maintenance. Overall, the supply is still loose, and some areas with concentrated maintenance, such as the East China River Zhejiang area, may bring short-term benefits.

On the demand side, the current national economy is gradually recovering, but the rebound is less than expected. In May, the PMI of the manufacturing industry continued to decline, and downstream product enterprises maintained low load production, with limited terminal consumption and overall weak demand. Considering the high prices of petrochemical factories, polypropylene futures have fluctuated widely, and most businesses are on the sidelines. However, due to the low prices of raw materials in the early stage, and the expected repair of individual product profits by product manufacturers, coupled with favorable maintenance in some regions, it is expected that the low price of PP will rebound slightly in the near future. The mainstream of wire drawing ranges from 6980 to 7300 yuan/ton, while the mainstream of copolymerization ranges from 7500 to 8000 yuan/ton.