According to the data monitored by the business society, the PP market has fluctuated recently, and the spot prices of various brands have fallen as a whole. As of July 26, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders was about 8516.67 yuan / ton, a decrease of 0.97% compared with the average price at the beginning of the month and an increase of 5.58% year-on-year.
Cause analysis
The domestic (Shandong) market of propylene upstream of PP turned around last week and continued to rise. At the beginning of the week, the market was 7673 yuan / ton, and the weekend average price was 7809 yuan / ton, an increase of 1.66%. After the collapse of crude oil prices, the rebound accelerated last week, followed by propylene. The downstream is purchased on demand. In general, the downstream performance of propylene is acceptable. Although propylene prices have rebounded recently, on the whole, bad crude oil is dominant. It is suggested to pay close attention to the changes in oil prices. The short-term market shock and downward trend are still the main tone.
The upstream propylene market has warmed up and the cost side support of PP has been strengthened. It is reported that the current average operating rate of the industry has further decreased. In addition, last week, China Coal Mengda, Shanghai Secco and other enterprises issued maintenance plans. While the on-site supply has decreased, the market supply is expected to decrease. In terms of terminal enterprises, the average load continues to decline, and the demand is difficult to increase. However, the news showed that the total domestic PP inventory decreased by more than 7% last week. It can be seen that the shipment pressure of merchants is not as large as expected, but the downstream enterprises just need to follow up in the purchase operation, and there is a certain upward resistance on the disk.
In terms of fiber materials, according to the data monitored by the business society, as of July 26, the mainstream offer price of domestic manufacturers and traders Z30S (fiber) was about 8550 yuan / ton, a decrease of 1.91% compared with the average price at the beginning of the month and an increase of 9.85% year-on-year. Recently, the proportion of domestic fiber PP output decreased, falling to about 5% last weekend. At present, the demand for fiber PP is general, the load of production lines of spunbonded non-woven fabrics and Spunlaced non-woven fabrics in main downstream factories is relatively stable, and the consumption level is general. The market is weak, the mentality of the operators is not strong, and the actual orders are more profitable.
In terms of melt blown materials, the melt blown PP market has continued to be weak and stable recently, and the spot price level has stabilized in the range of less than 10000 yuan. As of July 26, the average quotation of domestic meltblown material pph-y1500 sample enterprises monitored by business society was about 9600 yuan / ton. It is reported that PP melts are frequently produced in the domestic market. As a result, there are few devices still in production in China. At present, the domestic epidemic situation is generally stable, and the demand for medical protective articles is saturated. The overseas epidemic level is stable, the demand for oxygen generator and other equipment related products in the external epidemic prevention market increases, and the pulling effect on the melt blown PP industry is not obvious. It is difficult to meet the demand for melt blown materials, and it is expected that the price market may continue to be weak.
Future forecast
PP analysts of business society believe that the domestic polypropylene market generally remained weak and volatile last week, showing a weak consolidation trend. The load of downstream enterprises is low, and the demand is generally followed up. There is a great pressure on the delivery of high price goods in the venue, and the merchants prefer to make profit. The upstream propylene market has warmed up and the cost side support of PP has been strengthened. The confidence in the venue is insufficient, and most operators are bearish. It is expected that the PP price may continue the weak consolidation pattern in the short term.
| http://www.lubonchem.com/ |