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Polypropylene will face logistics, weather and epidemic challenges in the second half of the year

 Last Update: 2021-06-17
 Source: Internet
 Author: User

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According to a petrochemical product news report, the regional mixed market conditions are expected to increase the uncertainty level of polypropylene in the second half of this year
.

The factors supporting prices in the first half of this year, such as healthy downstream demand and tight global supply, are expected to continue into the second half of this year

In addition, the new wave of the spread of the new crown pneumonia epidemic in Asia has also weakened the expectation of future improvement in polypropylene demand in the region

The rising uncertainty of Covid-19 in Asia will curb downstream demand

In the second half of this year, as the strong demand for downstream medical and packaging applications may be offset by the increase in the supply of polypropylene, the outbreak of the new crown pneumonia epidemic and the continuing problems in the container shipping industry, the prospects for the Asian polypropylene market are promising

From June to the end of this year, polypropylene production capacity in Asia and the Middle East is expected to total 7.

The actual progress of some expansion projects is uncertain.

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