According to the data monitored by the business society, the PP market trend was strong in early January, and the spot prices of various brands rose slightly. As of January 14, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders was about 8270.00 yuan / ton, with an increase or decrease of + 1.72% compared with the average price at the beginning of the month.
| PVA 1788 (PVA BP17) |
Cause analysis
Industrial chain: in terms of upstream propylene, the price of propylene (Shandong) continued to rise slightly this week, and the increase was narrower than that of last week. Due to the maintenance of enterprises in some areas, the supply is slightly tight, the downstream demand is insufficient, the wait-and-see atmosphere is strong, the propylene price continues to rise, the resistance increases, the demand constraints, and the price is difficult to continue to break through.
Upstream, the price of propylene raw material has risen, the recent shock of dynamic coal has warmed up, the international crude oil price has generally strengthened, and the PP cost support is OK. The supply of PP was abundant this week. The shutdown and maintenance of several enterprises smoothed the impact of the commissioning of new equipment of Zhejiang Petrochemical, and the supply tended to be stable. In terms of demand, at present, terminal enterprises have the demand for goods preparation before the festival. At the same time, arbitrage and hedging participate in the admission, and the on-site trading is acceptable. The bottom of the spot price has been raised, and the low-end offer of merchants has risen, but there is great resistance to the delivery of high-priced goods.
In terms of fiber materials, according to the data monitored by the business society, as of January 14, the spot price trend of domestic fiber PP has increased. The mainstream offer price of Z30S (fiber) from domestic manufacturers and traders is about 8250 yuan / ton. Compared with the average price at the beginning of the month, the rise and fall range is + 1.64%, and the rise and fall range over the same period last year is 0.00%. Recently, there is also a pre Festival stock demand for PP fiber materials, and the consumption of end products is stable. The operating rate of the main downstream non-woven fabric enterprises is maintained at more than 50%, and the mainstream quotation of the main downstream product spunbonded non-woven fabric is about 11500 yuan / ton. Terminal enterprises are about to enter the holiday schedule, and the demand will gradually decline in the later stage. However, the market currently focuses on cost and demand, and it is expected that the recent fiber material market may be dominated by shock finishing.
| PVA |
In terms of melt blown materials, the melt blown PP market operated weakly and stably this week. As of January 14, the average quotation of domestic melt blown material sample enterprises monitored by business society was about 9483.33 yuan / ton, up or down – 0.35% compared with the average price level at the beginning of the month. During the period of high incidence of recent rebound in health events in various countries, the number of local diagnoses in some areas of China has increased. Recently, it has been reported that masks and other materials are in short supply in some areas. From the market point of view, it will take some time to pull the spot market of melt blown cloth. The saturation pattern of domestic melt blown materials and cloth enterprises remains unchanged. There is still capacity transfer out at the beginning of the year, and the spot price is difficult to rise.
Future forecast
PP analysts of business society believe that the domestic polypropylene market rose in early January, the dynamic coal market stopped falling and the shock recovered, the crude oil was generally strong, and the cost side generally boosted the PP spot price. Terminal enterprises are in the pre holiday stock demand, and the on-site trading is OK. At present, the focus of guiding the market is on the cost side and the demand side. It is expected that the PP market may still be dominated by shock consolidation in the short term.
| http://www.pva-china.net |