Polypropylene desperate counterattack against the US dollar PP performance is unsatisfactory

Polypropylene has experienced a bleak demand season in July and August, and the industry's bearish sentiment on polypropylene has increased significant.

Drawing Copolymer Jedi Rebound

From 2018 to 2019, PP wire drawing and co-polymerization were in a stalemate and sluggish state from July to August, and the industry's bearish sentiment towards the long-term weak market has significantly increas.

The spread between futures and current prices is steadily expanding

From the comparison of the PP futures spot price difference, it is found that the futures spot price difference has expanded significantly in July and Augu.

The performance of the US dollar PP market is unsatisfactory

From the comparison of the price of propylene external disk and the US dollar PP market, it is found that the high price of US dollar PP affects the domestic transaction intensity, and the high price difference between the internal and external disks intensifies the transaction pressure in the US dollar PP mark.

Fourth, the outlook of the US dollar PP market

As the global economy faces the risk of recession, the domestic economic growth rate also slows down, and domestic downstream product companies are faced with the dilemma of weak order follow-up, and the intention to replenish their raw materials is significantly weaker than in previous yea.