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New production capacity continues to rise, polypropylene supply and demand pressure continues

 Last Update: 2022-08-21
 Source: Internet
 Author: User

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The Spring Festival holiday is approaching, terminal enterprises are facing the holiday before the holiday, and the return of funds from the industry at the end of the year is obvious.
Under the influence of the second phase of Dalian Hengli and the trial operation of Zhejiang Petrochemical, the imbalance between market supply and demand has become more prominent

1.
Inventory pressure does not decrease

The two oil inventories have been in a volatile downward trend since October 2019, and the domestic wire drawing prices also showed a volatile downward trend

Second, the price difference between internal and external disks

Since mid-to-late December, the overall price of the external disk has shown a slight upward trend, while the domestic price has been suppressed by the sluggish demand, and the overall trend has been fluctuating and declining, and the two trends have shown a reverse development trend

3.
Comparison of futures and spot spreads

In the near future, the spot spread has gradually narrowed, and the 05 contract is still at a discount to the spot

4.
Market outlook

Recently, the overall market has shown a weak and volatile situation, due to the slow consumption of the two oil inventories before the holiday, which has aggravated the bearish mentality of the merchants on the market outlook

Under the limited cost support and the difficulty of turning around in short-term demand, the domestic polypropylene market is under heavy pressure

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[Plastic] New production capacity continues to rise, the pressure on the supply and demand of polypropylene remains unabated

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New production capacity continues to rise, polypropylene supply and demand pressure continues

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[Plastic] New production capacity continues to rise, the pressure on the supply and demand of polypropylene remains unabated