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Recently, market participants said that PP prices rose to a high level due to tight supply in overseas markets in the first quarter , and China’s PP export arbitrage window opened.
PP export
According to ICIS supply and demand data, PP exports in the first quarter were 343,000 tons, an increase of 158% year-on-year, which is equivalent to about 81% of exports in 2020.
However, in the second quarter, as the US installations continued to restart, the tight supply situation eased, and overseas markets weakened, especially in Southeast Asia, where prices continued to fall.
In the later stage, as new devices are put into operation one after another, China is expected to have 4.
(Keyword: PP export)