Polypropylene News

Today, the domestic market price of polypropylene powder increased slightly. The mainstream in Shandong is 7800-7900 yuan / ton, the polypropylene futures market is higher, the mentality of the industry has improved, and the offer is mainly pushed up by a small margin; the mainstream in Northeast is 7500-7700 yuan / ton, the inventory pressure of some powder factories in the region has decreased, the price support intention of the industry appears, and the low price continues to rise; the mainstream in Hebei is 7450-7600 yuan / ton, the demand of downstream factories has not decreased, and the market turnover is improved In East China, the price of powder increased slightly at 7900-7950 yuan / ton, with traders following the market; in South China, the offer of Maoming Shihua increased by 50 yuan / ton to 8250-8400 yuan / ton, with low purchasing enthusiasm of downstream factories and weak transaction atmosphere.

Forecast: today's polypropylene futures market will rise strongly, boosting the market atmosphere. Today's powder market price will rise slightly, and the demand of downstream factories will not change significantly. A small amount of just needed replenishment will dominate, and the market trading atmosphere will be light. As the Spring Festival holiday approaches, the number of downstream factories may increase significantly, and the market may gradually enter a state of no market price. Zhuo Chuang expects that the market price of polypropylene powder will be mainly in a narrow range in the near future.