[Plastic] China's polypropylene (PP) supply and demand market: drawing injection molding accounts for nearly 30%

Polypropylene (PP), as a thermoplastic polymer, has a very wide range of applications in the plastics field.

Continuous expansion of PP production capacity

In 2019, domestic PP production capacity expanded by leaps and bounds.

In 2020, my country's PP market will once again usher in a wave of production peaks, which is still a year of continuous expansion of production capacity, and the low-cost advantage will be more obvious, and the sources of raw materials will become more diversified.

Production growth rate has declined

From 2012 to 2019, my country's polypropylene (PP) production showed a growth trend.

Apparent consumption continues to grow

From the perspective of performance consumption, from 2012 to 2019, my country's apparent consumption of polypropylene and the domestic self-sufficiency rate showed an overall upward trend.

Demand for wire drawing injection molding accounts for nearly 30%

From the perspective of the downstream demand structure of polypropylene, wire drawing injection molding is still the main downstream demand of polypropylene, of which wire drawing accounted for 33%, copolymer injection molding accounted for 22%, homopolymer injection molding accounted for 14%, and fiber accounted for 11%.

Prices keep running low

In 2019, due to the impact of the trade war, China’s PP price showed a fluctuating downward trend throughout the year.

Looking forward, it is predicted that in 2020, my country's PP market price will experience periodic fluctuations and rises affected by market supply and demand, but the overall PP market price will continue to operate at a low level.

(Keyword: Polypropylene)