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    Home > Chemicals Industry > Rubber Plastic News > [Plastic] Why does the "Devil's March" polypropylene pellet market continue to bottom out

    [Plastic] Why does the "Devil's March" polypropylene pellet market continue to bottom out

    • Last Update: 2022-01-16
    • Source: Internet
    • Author: User
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    The magical start of 2020, the outbreak of the domestic epidemic, downstream factories suspended production to resume work, the market is dead, but with the passage of time, the epidemic control is gradually optimistic, and manufacturers resume their active state.


    Entering March, the logistics became smoother, the factory load increased, and the downstream gradually resumed operations.


    At the beginning of the second week of March, crude oil futures collapsed.


    PP

    Crude oil price wars intensified, foreign epidemics broke out, and the international economic system fluctuated.


    Towards the end of the month, crude oil rose for three consecutive times, but the mentality of the insiders was empty.


    In the later stage, the polypropylene pellet market continues to bottom out, the macro level is uncertain, the futures fluctuates, the inventory runs at a high level, and the downstream maintains just-needed purchases, and it is difficult to effectively follow up.


    (Keyword: PP)

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