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At the end of November, the powder material market entered a stalemate.
Since December, the powder material has been boosted by no good news, and the market focus has shown a downward trend across the board.
As of now, the mainstream market price in Shandong is 7550- 7600 yuan / ton, a record low
.
In terms of futures: the recent polypropylene futures continued to fluctuate at a low level
.
From the perspective of cost: the domestic propylene market lacks clear news guidance, and the weak operation is the mainstay
.
In terms of demand: the downstream plastic weaving factories are not very motivated to purchase due to insufficient follow-up of terminal orders.
In addition, under the influence of the mentality of buying up and not buying down, plastic weaving companies have not been motivated to purchase.
Recently, they have mostly continued to purchase small orders
.
Summary: Polypropylene futures continue to fluctuate at a low level and there is no obvious sign of improvement.
The raw material propylene may fluctuate and adjust its trend.
At present, the bears still occupy the powder market, and the industry has a strong bearish mentality.
It is expected that the market price of polypropylene powder may increase in the short term.
Weak oscillating operation
.
