PP: "Silver Ten" started low-key and ended flat

Since the National Day holiday, the domestic PP market has been in a dull state, and the pattern of market volatility has not brok.

The peak season is not yet busy, can we break the game in the fourth quarter?

The fundamentals have not changed, and the international oil price is still under great pressure

As the new Hurricane Zeta hit the Gulf of Mexico and the United States announced new sanctions on Iran, international crude oil prices have staged an inverted V trend in recent days, but considering the surge in the number of global new coronary pneumonia cases, and the outlook for crude oil demand With optimism and rising supply, the overall market sentiment remains bleak, which will further limit the upside of oil pric.

The petrochemical maintenance plan is undecided, and the supply may increase in the fourth quarter

The Sino-Korea Petrochemical JPP and STPP lines stopped in October, Wuhan Petrochemical is still under maintenance, Jinxi Petrochemical's start-up has been delayed until November, Luoyang Petrochemical's old plant is scheduled to restart at the end of October, and other Datang Duolun and Qinghai Salt Lake have no specific driving ti.

Compared with last year, the volume of imports to Hong Kong increased significantly

According to the latest port data, the arrival volume of polypropylene in the first three quarters reached 8777 million tons, a significant increase of 346% over the same period last ye.

Under the "internal economic cycle", the increase in demand is expected to be expected

Although the "Golden Nine Silver Ten" did not reach the expected level, the demand for terminal home appliances and automobiles is still norm.

Summary: Driven by the hot topic of "expanding domestic demand and expanding consumption", the demand for downstream products in the fourth quarter is still expected to be releas.