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[Plastic] Polypropylene (PP) pellets, the market is turbulent looking for support

 Last Update: 2022-01-16
 Source: Internet
 Author: User

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Recently, the domestic polypropylene pellets market was unstoppable by the decline of crude oil and futures.

In 2020, due to the impact of the domestic epidemic, petrochemical destocking efforts will be increased, but 2020 will be the year of production.

In terms of equipment maintenance, after the Spring Festival, petrochemical equipment mostly adopts reduced load production to reduce its own inventory pressure, but the duration is limited.

On the downstream side, the start of construction has been delayed and terminal demand lags behind, but due to the impact of the external environment, downstream receiving is limited, replenishment shows obvious periodicity, and terminal demand is difficult to form a sustained and effective support for the market.

(Keyword: PP)

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