According to the data monitored by the business agency, the domestic PP market price fluctuated in mid October, and the offer was stable. Spot prices of some brands increased slightly. As of October 20, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 8150 yuan / ton, an increase of 1.66% compared with the average price at the beginning of the month.
| Melamine |
Cause analysis
PP upstream propylene domestic (Shandong) market in the first half of October shock finishing, big stable small move. At the beginning of the month, the price was a half month low price, 7503 yuan / ton; on October 8 and 9, it was a half month high price, 7530 yuan / ton; on October 16, it was 7524 yuan / ton, with a half month increase of 0.28%; the amplitude was only 0.36%. At present, the market transaction is still between 7480 and 7650 yuan / ton, and the mainstream price is about 7500 yuan / ton. Generally speaking, the overall supply of some propylene units is still a little tight in the near future. The price of crude oil in the upstream fell slightly, while the price of crude oil in the downstream was slightly higher. At present, the inventory of manufacturers is at a low level, but most of the procurement is just needed operation, which is used and bought now. The current propylene price has been at the recent high level for a long time and has been digested. Therefore, it is expected that the propylene price will remain stable in the near future.
Upstream propylene since October high firm, the market is relatively stable, the cost side of PP support is acceptable. According to the data monitored by the business agency, the market performance of PP (drawing) fluctuated slightly in mid October. The lower reaches resume work after the festival, and the demand is large, which has a certain support for the spot price. In terms of inventory, although the cumulative inventory of petrochemicals in recent years exceeded the expectation, the inventory level was still in a seasonally moderate position, and the port inventory was still low. The increase before the festival made PP gradually appear high pressure in the near future, but the industrial chain inventory did not continue to accumulate, the overall supply of wire drawing was also limited, and the spot price was still strong. As for the far upstream crude oil, the trend is general due to some production increase news, which has a certain suppression on the chemical industry chain. On the demand side, the current downstream inquiry sentiment is not high, trading focus on the low price. External demand is mixed, some automobile, bottle cap and closure industry demand is strong, film material market response is general. Analysts are worried about the new capacity that may be released by the end of October, which may have an impact on the PP market.
According to the data monitored by the business agency, as of October 20, the mainstream offer price of domestic manufacturers and traders Z30S (fiber) was about 8316.67 yuan / ton. Compared with the average price at the beginning of the month, there was a slight drop of 0.40%. The monthly high appeared early on the 14th at 8383.33 yuan / ton, and the overall operation was stable in the first half of the month. It is reported that the average operating rate of domestic PP manufacturers decreased by 3.48% last week. In the near future, Sinopec plans to shut down, Yangzi Petrochemical and Sichuan Petrochemical will restart, and the operating rate is expected to rise slightly. In the middle of this month, the maintenance of polypropylene was reduced, and new units were put into operation. Business operations tend to be cautious, downstream side just need to prepare goods, mentality to wait-and-see atmosphere. It is expected that PP (fiber) will be in consolidation operation in the near future.
| Azodicarbonamide (AC foaming Agent) |
PP melt blown material market in mid October big stable small move, domestic PP melt blown material market confidence is still poor. According to the data monitored by the business agency, since October, PP (melt blown) material has been adjusted. As of October 20, the average price of sample enterprises is about 14533.33 yuan / ton. At present, the epidemic situation in China is generally stable. Recently, relevant experts have taken the lead to consolidate the epidemic prevention measures and strictly prevent the rebound. The overseas epidemic situation is still deteriorating. Non woven fabrics used in medical protection applications continue to be sought after, 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. At present, the price of PP (melt blown) is relatively low, and it is expected that the melt blown material will recover due to the influence of demand expansion in the near future.
Future forecast
PP business agency analysts believe: in mid October domestic PP spot market prices are generally stable. Upstream propylene market high firm, on the PP cost side there is support. PP (drawing) supply volume is still not to, PP (fiber) market high firm, PP (melt blown) demand is expected to rise, the price is temporarily stable. At present, the decline of petrochemical inventory slowed down and slightly increased, and the trend of futures in the near future was not strong, and there was no obvious positive effect on spot. The stock situation of downstream factories is fair, the business mentality is general, and the offer follows the market. It is expected that the increase of operating rate may cause the gradual increase of PP spot supply, and the market may be weak.
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