I. price trend
According to the data monitored by the business agency, the price of domestic PP market was adjusted in mid October, and the spot price was up and down. As of October 18, the main offer price of T30S by domestic producers and traders was about 8700.00 yuan / ton, down 1.88% from the beginning of the month.
II. Cause analysis
Upstream: due to the policy of production restriction and operation restriction, the price of propylene during the National Day holiday in early October remained stable. After the end of the policy, most enterprises began to decline. By the end of this week, the market turnover was about 7380-7700 yuan / ton, and the mainstream price was 7400 yuan / ton. At present, most of the downstream product prices of propylene show a downward trend, and the support of the demand side is weakened. Refinery inventory pressure increases, shipment is not smooth, downstream procurement is cold, it is expected that the market price of propylene may still decline in recent days.
| PVA |
Product: in mid October, the overall price of PP market was weak and fluctuated. In the near future, the upstream propylene policy ended, the supply increased, the price decreased, and the support for PP was limited. The operation rate of domestic polypropylene plant is slightly reduced, and the unit capacity in maintenance is about 96300 tons. Next week, there is a plan to build a new production line. It is expected that the product supply will be further abundant. At the end of last week, the PP inventory of petrochemical plants was high, reaching a historical high level. At present, there is still a certain pressure, although the stock is actively removed after the festival. After the festival, the operating rate of the downstream enterprises gradually returned to the level before the festival. It is estimated that the inventory held by the downstream enterprises has been reduced by 30-40%, and there is a demand for the inventory of raw materials for supplementary consumption. However, due to the uncertain trend of PP market, most businesses hold a wait-and-see attitude, and the purchasing enthusiasm is general.
III. future forecast
PP analysts of business club think: in the middle of October, domestic PP prices are generally weak and volatile. Due to the domestic restriction policy, upstream propylene supply is abundant, the price is weak, and the support for PP cost end is limited. PP futures fell negative spot market, petrochemical factory inventory pressure. And the downstream wait-and-see mentality is more serious, many factors lead to the recent PP spot market shocks weak. It is suggested to pay attention to the supply and demand of PP in the near future.
| POLYVINYL ALCOHOL |
| PVA |