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As a thermoplastic polymer, polypropylene (PP) is widely used in the field of plastics.
In the past two years, the terminal demand has weakened under the pressure of environmental protection, but the increase in supply has slowed down, so that the contradiction between the supply and demand of PP in China has not yet emerged
.
PP production capacity continues to expand
PP production capacity continues to expandIn 2019, the domestic PP production capacity expanded by leaps and bounds
.
In 2020, China's PP market will usher in a new wave of production peaks, which is still a year of continuous expansion of production capacity, and the low-cost advantage will be more obvious, and the sources of raw materials will tend to be more diversified
.
Production growth has declined
Production growth has declinedFrom 2012 to 2019, China's polypropylene (PP) output showed an increasing trend.
In 2019, the domestic PP output was 25.
02 million tons, an increase of 8.
8% year-on-year, and the growth rate was the lowest in recent years, down 5.
1 percentage points from 2018
.
Apparent consumption continues to grow
Apparent consumption continues to growFrom the perspective of apparent consumption, from 2012 to 2019, the apparent consumption of polypropylene in China and the domestic self-sufficiency rate showed an overall upward trend
.
The demand for drawing injection molding accounts for nearly 30%
The demand for drawing injection molding accounts for nearly 30%From the perspective of the downstream demand structure of polypropylene, drawing injection molding is still the main downstream demand for polypropylene, of which drawing accounts for 33%, copolymer injection molding accounts for 22%, homopolymer injection molding accounts for 14%, and fiber accounts for 11%
.
Prices remain low
Prices remain lowIn 2019, affected by the trade war, China's PP prices showed a downward trend throughout the year.
Since 2020, due to the impact of the new crown epidemic, downstream enterprises have stopped production and production, market demand has been sluggish, and PP prices have continued to decline.
Although the downstream has resumed work intensively in March However, the resumption of work does not mean the start of work, the demand recovery is slow, and the price of PP in China continues to decline.
Since April, due to the fermentation of global public health events, there has been a strong hype atmosphere such as "masks" and "protective clothing", and the market price of fiber materials has rapidly increased.
The increase has been transmitted to the fields of wire drawing and thin-wall injection molding, and the PP market price has risen rapidly.
In April, the PP price index peaked at 839.
68 points.
However, in late April, there was still a backlog of inventory in the intermediate links, and a large number of stocks downstream of the terminal was still limited.
And with the country's increased control of epidemic prevention materials and restrictions on disorderly raising prices, PP prices have cooled down.
As of April 30, 2020, China's PP price index was 750.
85 points
.
Looking ahead, it is expected that in 2020, the price of China's PP market will fluctuate and rise in stages due to market supply and demand, but the overall PP market price will remain low
.
The above data comes from the "Analysis Report on Production and Sales Demand and Investment Forecast of China's Plastic Products Industry" by the Qianzhan Industry Research Institute.
At the same time, the Qianzhan Industry Research Institute provides solutions such as industrial big data, industrial planning, industrial declaration, industrial park planning, and industrial investment attraction
.
