In the first half of the year, the price of PP market has been ups and downs. Will there be another big wave in the future?

This year is a special year for the PP indust.

A brief analysis of the influencing factors in the second half of the year:

There are still many uncertain factors, and there are still downside risks for oil prices in the futu.

Although oil prices have rebounded in the past month, the international crude oil market is still under pressure in the second half of the year due to concerns about the new crown virus and uncertainty about a rebound in dema.

The self-sufficiency rate of propylene continues to increase, and the overcapacity will continue

From January to June, domestic propylene production continued to grow, and the self-sufficiency rate showed a trend of continuous improveme.

Supply pressure is expected to ease, forming support for prices in the later period

According to the rough statistics of China Plastics, in the first half of the year, the loss of domestic PP plants was about 1615 million tons, which was generally more than the first half of the year according to the loss in the second half of the previous ye.

The two oils maintain moderately high inventories, and the pressure to reduce inventory still exists

Since the beginning of this year, petrochemical inventories have maintained an average of 750,000-800,000 tons per month, which is slightly lower than the same period last year, but still at a high level in gener.

Hotspots in demand are frequently seen, and opportunities are expected to usher in the later stage

After frying masks and helmets, the refrigerator has become hot again recent.