According to the data monitored by the business agency, the domestic PP market price fluctuated and adjusted in September, and the spot prices of some brands fell back in a narrow range. As of September 30, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was around 8016.67 yuan / ton, a decrease of 1.64% compared with the average price at the beginning of the month.
| ferric sulfate (Poly ferric sulphate) |
Cause analysis
PP upstream propylene domestic (Shandong) market fluctuated upward in the first half of the month and stabilized in the second half. The average spot price rose by about 300 yuan / ton from September 1 to 4, and there was a round of downward adjustment from September 7 to 10, according to the data from the business club’s bulk list. From the 13th to 17th, the upward market appeared again. The average spot price increased about 350 yuan / ton. On the 18th, the price began to stabilize. At present, the market transaction is between 7300 yuan / ton and 7650 yuan / ton, and the mainstream price is about 7450 yuan / ton. Propylene manufacturers to ship smoothly, inventory in a controllable range. The crude oil price in September is in general, and the overall profit of the industrial chain is still good. The downstream operating rate is high and there is a demand for replenishment before the festival. The purchasing enthusiasm is good, which has a certain support for propylene. But the price is in the top position, upward difficult, so it is expected that the propylene price will stabilize slightly in the near future.
Upstream propylene rose in September after strong, high market, there is support for PP cost side. According to the data monitored by the business agency, the market performance of PP (wire drawing) fluctuated and adjusted in September, and the spot price remained stable after a narrow correction in the middle of the month. In terms of inventory, PP inventory of two barrels of oil and other manufacturers decreased steadily, and the inventory level was in the low range over the years. Since the beginning of the month, the arrival of port cargo has been stable, and there is no obvious pressure on inventory. The trend of far upstream crude oil in September is general, which has a certain suppression on chemicals under the industrial chain. Previously, it was estimated that more PP maintenance units will resume production and new projects will be put into operation. At present, the supply release range is limited. In particular, the negative impact on the increase of PP supply due to the postponement of new project commissioning has not reached the expected level. In the peak season, the downstream demand is strong, and the operating rate of downstream factories such as plastic knitting increases, and the orders begin to increase gradually. The merchants stopped in the market in the middle of the month, and the prices are stable in the second half of the month. PP (wire drawing) market is expected to consolidate in the short term, and late production of new projects may bring impact to the market at the end of October.
According to the data monitored by the business agency, as of September 30, the mainstream offer price of domestic manufacturers and traders Z30S (fiber) was about 8350 yuan / ton. Compared with the average price level at the beginning of the month, there was an increase of 3.30%. In this month, the drawing materials showed a high finishing market after rising. The monthly high appeared at 8383.33 yuan / ton on the 4th, and then stabilized. It is reported that the production of fiber PP has expanded to some extent and still has a growth trend, but the inventory of fiber material is still declining steadily. This reflects that the peak season consumption has a certain support for the spot price, and the current petrochemical factory prices are generally stable. Business operations tend to be cautious, with pre-sale of holiday goods at the end of the month. The downstream side just needs to prepare goods, with a wait-and-see atmosphere as the main attitude. It is expected that PP (fiber) will be in consolidation operation in the near future.
| Azodicarbonamide (AC foaming Agent) |
PP meltblown materials decreased in September, domestic PP melt blown materials market confidence is still poor. According to the data monitored by the business agency, the decline of PP (melt blown) has decreased since September. As of September 30, the average price of sample enterprises is about 14500 yuan / ton. At present, the domestic epidemic situation is generally stable, the demand for epidemic prevention products is declining, and the domestic market is still in the pattern of oversupply. The collapse of last month’s overseas big bill still seems to affect the current market mentality. At present, some countries in the world may enter the rebound period of health events again, and the demand is expected to rise. However, the competition among domestic anti epidemic product manufacturers is still strong, and the profits of the main downstream mask factories are seriously diluted. Sinopec’s enterprises have successively sold meltblown materials and cloth, which also have an impact on the market. The relationship between the future demand of PP (melt blown) and the profit of manufacturers is complex, and the mentality of merchants is negative. However, the spot price of melt blown PP seems to have fallen to a low profit point, which is expected to stabilize in the near future.
Future forecast
PP business agency analysts believe: September domestic PP spot market prices are generally stable. Upstream propylene market is strong, there is support for PP cost side. PP (drawing) supply expansion has not yet started, although the market mentality has been affected, but the price is generally stable. PP (fiber) market rose after the high firmness, PP (melt blown) demand continued to be weak, price correction narrowed. Current inventory is still in a steady decline, this month’s weakness in futures also restricts the PP market. The stock situation of downstream factories is fair, the business mentality is general, and the offer follows the market. It is expected that the PP spot market will be weak after the start-up of new production projects.
| Melamine |