1、 Price trend
According to the data monitored by the business agency, the domestic PP market in the first half of May fluctuated, with different brand materials rising and falling. Among them, fiber material has a certain callback. As of May 15, the main quoted price of Z30S (fiber) from domestic producers and traders was about 7883.33 yuan / ton, a decrease of 7.25% compared with the average price at the beginning of the month. However, the adjustment range of wire drawing materials is narrow. The main offer price of T30S is about 7533.33 yuan / ton, slightly lower than the average price level at the beginning of the month by 0.44%.
| ferric sulfate (Poly ferric sulphate) |
2、 Cause analysis
Upstream: the domestic propylene market price rose steadily in the first half of May. Last month, Shandong propylene price experienced a sharp rise and fall after holding steady again, after the market steady on the main actor. Recently, influenced by the international situation, the international crude oil price rose significantly at the beginning of the month. Now, the crude oil still rose, but the trend slowed down. Influenced by the international events on August 8, the crude oil rose significantly again, which had a certain positive impact on the future market of propylene. During the May 1st period, the price of propylene increased slightly, and then the price rose about 50 yuan / ton every day. In addition, the downstream isopropanol market, as one of the raw materials of foreign disinfectants, has finally stopped rising and falling since the end of last month. After the decline in the first ten days of this month, the shock and stability maintenance may have a negative impact on propylene. Overall, the international crude oil market has a certain supporting role for propylene. While the downstream market is mostly rational, but the operating rate slightly increased. The current inventory pressure is not big, but the external propylene may increase, and it is expected that the price of propylene will increase slightly in recent days;
| povidone Iodine |
Product: upstream propylene market is positive, while PP market in the first half of the month is not clear. In the first half of this month, the domestic PP market showed a dressing state, with the overall temporarily adjusted. In April, the atmosphere of fiber speculation is full, resulting in overproduction. With the speculation coming to an end, the current price is on the way back gradually. Among them, the recessive inventory to be digested and the weak downstream demand outside the mask are all the reasons for the continuous decline of fiber materials. In the aspect of wire drawing, the production of wire drawing materials gradually returned to the normal level after the May 1st movement. In addition, imported materials were concentrated in Hong Kong in the near future, and the stock was expected to increase.
However, the current price of the drawing materials just in need is still firm, and the traders will ship them on the market. Futures markets are also mixed. The melt blown materials have also been reduced in varying degrees, with a large range of price reduction for some brands. The capacity of new process production lines of Yanshan Petrochemical and other large factories has also been put in place. At present, the overseas public health situation is still grim, but the export of polypropylene products is hindered. It is expected that the overseas export of melt blown materials in the later stage will inevitably be affected.
3、 Future forecast
PP analyst of business agency thinks: the domestic PP spot market was mainly adjusted in the first half of May. Propylene market goes up, and the positive upstream support for PP cost end is acceptable. But the market is long empty entanglement, fiber material due to heat reduction and high inventory still fell, wire drawing material is relatively strong. At present, exports are blocked and overseas consumption is unclear. Downstream factory demand order follow-up is general, merchants go with the market, it is expected that the domestic PP market will be weak in the near future.
| Melamine |