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[Plastic] How will the PP market end in 2020?

 Last Update: 2022-02-04
 Source: Internet
 Author: User

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In 2020, hot spots will appear frequently under the new crown pneumonia epidemic, and the domestic PP market has experienced twists and turns.

PP Quotes

The end is coming soon, what is the market at the end of the year?

From the market perspective, not only will OPEC gradually relax its production cuts in January, but even Iran and Venezuela will gradually resume their crude oil production and exports.

Throughout the year, the PP futures market hit the bottom after bottoming out, and the main force trend is generally good.

Excluding the long-term shutdown for maintenance, there are currently only 6 production companies and 7 production lines under maintenance.

Affected by special factors in 2020, there are obviously more hot spots than in previous years.

From a trend point of view, the volume of polypropylene arriving in Hong Kong is decreasing month by month.

Taking all parties together, under the circumstance of mixed long and short news, it is unlikely that the market will fluctuate sharply at the end of the year.

(Keywords: PP Quotes)

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