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[Polypropylene (PP) pellets] Market turbulence seeks another support

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

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large pp

crude oil production

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Recently, the domestic polypropylene pellet market has been suppressed by both crude oil and futures

In 2020, due to the impact of the domestic epidemic, petrochemical destocking efforts have increased, but 2020 will be a big year for production

In terms of equipment maintenance, after the Spring Festival, petrochemical plants mostly adopt load-reducing production to reduce their own inventory pressure, but the duration is limited

On the downstream side, the start of construction has been delayed and terminal demand is lagging behind, but due to the impact of the external environment, the downstream receipt of goods is limited, and the replenishment is obviously cyclical, and it is difficult for terminal demand to form a sustained and effective support for the market

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