The polypropylene market fluctuated upward in August. At the beginning of the month, the trend of polypropylene futures was volatile, and the spot price was sorted out within the range. The supply of pre-repair equipment has resumed operation successively, but at the same time, a small number of new small repairs have appeared, and the overall load of the device has increased; Although a new device successfully completed the test in mid-October, there is no qualified product output at present, and the supply pressure on the site is suspended; In addition, the main contract of PP changed month, so that the industry’s expectations of the future market increased, the release of market capital news, boosted the PP futures, formed a favorable support for the spot market, and the petrochemical inventory was smoothly removed; However, after the price is high, the resistance of downstream users appears, and the factory is cautious about buying high-priced goods, and the transaction is mainly low price. As of the 28th of this month, the mainstream of wire drawing is hovering at 7500-7700 yuan/ton.
Post time: Aug-30-2023