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In the current half of December, the polypropylene market has reacted in a mess.
The price has opened a downward channel after the stalemate.
Terminal enterprises lack purchasing enthusiasm, and polypropylene is going further and further on the road of rebound
.
Judging from the trend of the past week, at the beginning of the week, it was dragged down by oil prices and PP futures, which affected the mentality of the industry to a certain extent
.
In October 2019, the domestic PP import volume was 462,400 tons, an increase of 35,400 tons or 8.
29% year-on-year
.
At present, domestic petrochemical inventories have been mainly reducing warehouses, and many of them have continuously lowered their ex-factory prices for sales
.
Under the huge capacity expansion in the later period, the spot market is under great pressure, and the competition for market share is serious.
Whether the growth rate of terminal demand can quickly follow the pace of device capacity expansion is still a difficult problem
.
