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Since the return of the Spring Festival, the PP powder market has been tepid and lacking bright spots due to the lack of strong positive support, and the overall trend has been weak and fluctuated downwa.
The supply of propylene is in short supply and the price is rising
The supply of propylene is in short supply and the price is risingIn May and June, the tight supply in the propylene market contributed to the rise in propylene prices, which led to the high cost of powder materials, which was good for the powder materials mark.
Futures skyrocketed, driving the spot market of powder materials
Futures skyrocketed, driving the spot market of powder materialsAs shown in the figure, the futures have changed their weakness since mid-June, and have oscillated upwards until the beginning of Ju.
The overhaul of the powder equipment is still in place, and the spot resources are tight
The overhaul of the powder equipment is still in place, and the spot resources are tightList of recent powder installations (unit: 10,000 tons)
As we all know, since the end of May, due to the high cost and poor demand for powder materials, the profits of enterprises have been shrinking and even losing mon.
The concentrated release of the three major benefits has prompted the price of PP powder to rise all the way, which is like bringing a ray of warmth to the long-depressed powder mark.
