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Since 2020, the representative variety of polypropylene wire-drawing-the copolymer price difference has narrowed significantly.
Copolymerization
From the perspective of the average annual price difference, the average annual price difference between the two in 2020 is 384 yuan/ton, which is 15.
From the perspective of supply, the wire drawing output in 2019 was 8.
As can be seen from the figure below, in the third quarter of 2020 as a whole, PP copolymer production was significantly higher than in 2019.
PP
It can also be seen from the daily production ratio chart of drawing and copolymerization that the production ratio of copolymer materials was higher than that of drawing materials in late September.
From the perspective of demand, the two major industries of automobiles and home appliances, as the representative industries of the large-scale downstream of copolymerized polypropylene, have shown a trend of first low and then high this year.
To sum up, in 2020, the supply of PP copolymer production will increase year-on-year, while the production and sales of representative industries on the demand side will decrease, and the contradiction between supply and demand will increase.
(Keyword: PP copolymer)