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The domestic epidemic situation has improved recently, but masks are still in short supply in many places.
In view of the current market situation in which polypropylene and meltblown materials are in short supply, in order to ensure the production and supply of key materials for epidemic prevention and control, PetroChina immediately adjusted the production plan and arranged independent Six companies, including Shanzi Petrochemical and Dalian Petrochemical, immediately switched to production and produced polypropylene medical materials at full capacity.
Up to now, they have produced nearly 120,000 tons of polypropylene medical materials
.
In the short term, the spread of the global epidemic and the fall of U.
S.
stocks from highs have had a huge impact on crude oil prices, and further affected domestic confidence, resulting in a significant decline in polypropylene
.
However, in the medium and long term, the demand is lagging due to the impact of the epidemic, but the downstream construction is gradually recovering.
At present, the downstream construction has returned to the normal 50-70%.
The subsequent rework process will continue to accelerate as the epidemic improves, resulting in a further decline in inventory.
With the high probability that the logistics will continue to recover, the process of destocking is expected to continue, and the price will bottom out and rebound.
It is expected that the domestic polypropylene market may fluctuate and rise
.
