Drawing and copolymerization PP competition, who is the king of this year

Since the beginning of the year, the prices of domestic wire drawing and copolymerization have risen and fallen, showing a trend of strength before and weakness on the who.

The countdown to the end of the year has come, so how will the closing market be interpreted?

Close attention to OPEC meeting helps oil price choose direction

Since June this year, except for the 20% increase in oil prices caused by the previous attack on the Saudi oil field, crude oil has been in a volatile range of 50 to 60 US dollars for most of the ti.

Few new additions to be repaired before the end of the year, sufficient supply may be a foregone conclusion

Before the end of the year, apart from those that have been in a pending state for a long time and stopped due to some reasons or planned, there will be very few new production lines to be repair.

The weak operation of the futures market is difficult to form a guide for the spot

Since the main delivery product of PP futures is wire drawing material, the guidance on spot wire drawing resources is more dire.

Petrochemical price adjustment is mixed, comprehensive cost support is mixed

Taking Sinopec East China PP products as an example, since October, the ex-factory price of drawing materials has generally fallen, ranging from 200-400 yuan / ton, while the copolymer material is on the contrary, generally increasing by 50-400 yuan / t.

There are differences in seasonal demand, later performance or differences

Aside from upstream, petrochemical and other factors, the degree of demand release is the focus of the mark.

To sum up, before the end of the year, the PP market is mostly based on wait-and-see arrangemen.