 Home > Chemicals Industry > Rubber Plastic News > PP capacity expansion to a new peak

PP capacity expansion to a new peak

 Last Update: 2022-08-21
 Source: Internet
 Author: User

Tags

1 3 cyclohexadiene

bread new orleans

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

In December, the market was mixed with bad news.
The large-scale installations in the market were successfully tested, and the supply continued to surge, which made the industry more worried about the market outlook

1.
The price difference between internal and external disks gradually narrowed

From the comparison of the price difference between internal and external PP in 2019, it is found that the price of the internal and external market in the market began to gradually reverse the situation in December, mainly because the current multi-sets of international polypropylene plants are not running smoothly.
Short-term unsustainable phenomena, and at the same time, Western countries are facing the New Year festival, and most production enterprises have reduced their work load, resulting in a shortage of domestic resources to Hong Kong

2.
Comparison of futures and spot price differences

According to the analysis of the spot price difference in 2019, the spot drawing was dragged down by the low opening of the futures and the weak follow-up of the terminal demand, and the overall bearish sentiment in the market increased significantly

3.
Comparative analysis of inventory and wire drawing

Inventory in December 2019 showed a fluctuating downward trend as a whole, and the overall inventory remained at 600,000-700,000 tons per year.
However, the weak global economy and the weaker orders of domestic real enterprises were less than expected, and the consumption of raw materials in the market was restricted

Fourth, the domestic competition pressure of imported PP is highlighted

The domestic polypropylene supply and demand pattern has gradually become prominent, and the continuous release of PP production capacity has formed a clear contrast with the lower-than-expected growth rate of the terminal, which has increased the pressure on the domestic market

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.