According to the data monitored by the business agency, the market trend of domestic PP fluctuated slightly in the second week of August, and the price of various brands increased or decreased slightly. As of August 14, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 7900.00 yuan / ton, which was 1.28% higher than the average price level at the beginning of the month, with a weekly decrease of 0.84%.
| EDTA |
Cause analysis
Polypropylene upstream propylene, according to business agency data show that the recent market trend of propylene cyclical shocks. Last week, spot prices continued to rise, breaking through the recent shock price range, propylene stable operation this week. At the beginning of August, the price was at a high level in the range. Since the end of the week, the price of some enterprises has been slightly up and down. On the 5th, it has been stable. From 6th to 10th, the first round of rising trend of breaking through the range of this month has been started. The price has remained stable since 11th. The market transaction is still between 7000 and 7250 yuan / ton, and the mainstream price is about 7000 yuan / ton. Propylene manufacturers stable shipment, low inventory. At present, the inventory of propylene manufacturers is not under pressure, the crude oil price is slightly upward, the downstream polypropylene futures are high volatility, and the profit margin of propylene oxide is rising. The overall market procurement is picking up, and the market is good. But there are also some downstream obvious downward, there is a certain negative impact. Due to the overall downstream support, it is expected that the propylene price may still rise in the short term.
The upstream propylene breaks through the recent price fluctuation range and tends to be strong, which has cost support for PP. According to the data monitored by the business agency, in the first half of August, the market performance of PP (wire drawing) was stable, and the spot price was adjusted slightly. At present, the monthly peak appeared at about 8000 yuan / ton on August 5 last week, and there was a slight correction this week. The recent strong trend of the far upstream crude oil also formed a certain support for chemicals. In addition, due to the extreme weather at the beginning of the month, the arrival of imported goods was delayed, and the port PP inventory decreased compared with the same period of last year, which was good for PP and supported the firmness of spot price. However, in the middle and late August, the production of PP maintenance devices will be resumed. At that time, the domestic PP supply will increase significantly, which will form a certain pressure on the price. It is expected that the PP (wire drawing) price may have a correction.
According to the data monitored by the business agency, as of August 14, the mainstream offer price of domestic manufacturers and traders Z30S (fiber) was about 7833.33 yuan / ton. 64% higher than the average price at the beginning of the month. At present, the supply and demand of domestic PP fiber material and drawing material are stable, and the operation situation is similar. It is reported that polypropylene will enter into production peak in the second half of this month. New production lines of Baolai petrochemical, Zhongke refining and Chemical Co., Ltd. and Quanzhou of Sinochem are expected to start trial operation around the end of this month. Just after the peak maintenance season, the production of new equipment is bound to have an impact on PP prices. PP inventory of two barrels of oil rose this week, while social inventory decreased slightly compared with last week. PP (fiber) is expected to decline in the near future.
| EDTA 2Na |
The market of PP melt blown materials continues to be weak. According to the price of business agency, the current domestic price of PP (melt blown) material continues to decline. As of August 14, the average quoted price of melt blown PP of melt index 1500 by sample enterprises is about 16300.00 yuan / ton. The epidemic situation in China was generally stable, and the supply of epidemic prevention related products exceeded demand, and most of the prices fell. Overseas demand is not decreasing, but manufacturers of epidemic prevention products are facing fierce competition. According to information, as of the beginning of July, the number of mask manufacturers in China has increased by 1200% to 74000. Industry competition is strong, and some even say it is “unprofitable”. In addition, the diversification of anti epidemic materials also has a certain dispersion on the demand for masks. The demand for PP (melt blown) is turning down rapidly. The business mentality is negative and the phenomenon of leaving the field is still more. It is expected that the melt blown materials will still be difficult to improve in the near future.
Future forecast
PP business agency analysts believe: August second week domestic PP spot market trend slightly callback. Upstream propylene market is strong, there is support for PP cost side. PP (drawing) and PP (fiber) are stable and small, PP (melt blown) demand is still weak, prices continue to callback. At present, the peak maintenance season has passed, and there are many new equipment put into production at the same time, which is detrimental to the supply side. Downstream factory stock situation is general, merchants actively shipping. PP futures recently put into production news to suppress the disk, the atmosphere has turned negative. PP spot price is expected to have a correction in the near future.
| Melamine |