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[Polypropylene (PP) pellets] Can the rapid rise in the market continue in the later stage?

 Last Update: 2022-08-22
 Source: Internet
 Author: User

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Both crude oil and futures weakened in the early stage.
Recently, due to the bottom of crude oil, polypropylene began to rebound rapidly.
Futures release is good.
Today, plastic futures continue to rebound sharply.
PP rose 5.
33%, LLDPE rose 3.
69%, and PVC rose 2.
41%

In the short term, the sharp rise in crude oil has boosted the plastics market.
At the same time, petrochemical companies have raised ex-factory prices one after another, and the supply cost is strongly supported

From the perspective of the supply side, the centralized maintenance of equipment is mostly concentrated after May, and the loss of equipment maintenance in April is limited

On the whole, the sharp rebound in short-term crude oil will undoubtedly bring a boost to the long-term downturn in the market

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