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

The Spring Festival holiday is approaching, terminal enterprises are facing a holiday before the holiday, and the return of capital from the industry at the end of the year is obvious.

1.

The two oil inventories have been in a fluctuating downward trend since October 2019, and domestic wire drawing prices have also shown a fluctuating 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 falling, and the two trends have shown a reverse development trend.

Third, the spot price difference comparison

The spot price difference in the recent period has gradually narrowed, and the 05 contract is still discounted to the spot.

4.

Recently, the overall market has shown a weak and volatile situation.

With limited cost support and short-term demand difficult to reverse, the domestic polypropylene market is under heavy pressure.

(Keyword: Polypropylene)