PP: The chill in August may continue for a while

Due to the lack of guidance from positive factors, the PP market was "chilled" in August, and the market showed a trend of weak consolidati.

The table shows that transparent materials have the largest decline, followed by homopolymer injection molding, which fell by RMB 500/ton and RMB 350/ton respectively compared with the beginning of the mon.

Classification	grade	Origin	August 1	August 26	ups and downs	MoM %
brushed	T30S	Zhenhai Refinery	9150	9100	-50	-55
Homopolymer injection	1100N	Shenhua Ningxia Coal	9050	8700	-350	-87
Copolymer injection	PPB-M02 (J340)	Yangzi Petrochemical	8900	8900	0	0
powder	45	Ningbo Yongxing	8700	8700	0	0
transparent	RP344R-K	Huajin Chemical	10300	9800	-500	-85
fiber	Y16SY	Shaoxing Sanyuan	9150	8950	-200	-19
pipe	B8101	Yanshan Petrochemical	9600	9600	0	0

Classification Brand Place of Origin August 1st August 26th Up and down % Drawing T30S Zhenhai Refinery 9150 9100 -50 -55 Homopolymer injection 1100N Shenhua Ningmei 9050 8700 -350 -87 Copolymer injection PPB-M02 (J340) Yangzi Petrochemical 8900 8900 0 0 Powder 45 Ningbo Yongxing 8700 8700 0 0 Transparent RP344R-K Huajin Chemical 10300 9800 -500 -85 Fiber Y16SY Shaoxing Sanyuan 9150 8950 -200 -19 Pipe B8101Yanshan Petrochemical 9600 9600 0 0 Classification Brand Place of Origin August 1st August 26th Change % Classification Classification Brand Brand Place of Origin August 1st August 1st August 1st August 26th August 26th August 26 Daily ups and downs % MoM % Drawing T30S Zhenhai Refining & Chemical 9150 9100 -50 -55 Drawing T30S T30S T30S Zhenhai Refining & Chemical Zhenhai Refining & Chemical 9150 9150 9150 9100 9100 9100 -50 -50 -50 -55-55 -55 Homopolymer injection 1100N Shenhua Ningmei 9050 8700 -350 -87 Homopolymer injection Homopolymer injection 1100N 1100N 1100N Shenhua Ning coal Shenhua Ning coal 9050 9050 9050 8700 8700 8700 -350 -350 -350 -87 -87 -8 Copolymer injection PPB-M02 (J340) Yangzi Petrochemical 8900 8900 0 0 Copolymer injection Copolymer injection PPB-M02 (J340) PPB-M02 (J340) PPB-M02 (J340) Yangzi Petrochemical Yangzi Petrochemical 8900 8900 8900 8900 8900 89000 0 0 0 0 0 Powder 45 Ningbo Yongxing 8700 8700 0 0 Powder Powder 45 45 45 Ningbo Yongxing Ningbo Yongxing 8700 8700 8700 8700 8700 8700 0 0 0 0 0 0 Transparent RP344R-K Huajin Chemical 10300 9800 -500 -85 Transparent Transparent RP344R-K RP344R-K RP344R-K Huajin Chemical Huajin Chemical 10300 10300 10300 9800 9800 9800 -500-500 -500 -85 -85 -85 Fiber Y16SY Shaoxing Three Circles 9150 8950 -200 -19 Fiber Fiber Y16SY Y16SY Y16SY Shaoxing Three Circles Shaoxing Three Circles 9150 9150 9150 8150 8950 8950 -200 -200 -200 -19 Pipe B8101 Yanshan Petrochemical 9600 9600 0 0 Pipe Pipe B8101 B8101 B8101 Yanshan Petrochemical Yanshan Petrochemical 9600 9600 9600 9600 96009600 0 0 0 0 0 0

A brief analysis of the factors affecting the market outlook:

The risk of Sino-US trade war intensifies, and the foreign market is facing multiple tests

Due to the intensified risk of Sino-US trade war and the continuous decline in the exchange rate of RMB against the US dollar, many industry players are more worried about the market outlo.

Under multiple favorable factors, crude oil prices will still be under pressure

Suppressed by unfavorable factors such as the uncertainty of economic and trade frictions, the increase in.

The maintenance in September is greatly reduced, and the supply will increase significantly

According to statistics, excluding those that have been parked for a long time for repairs, there are currently 12 installations in the state of maintenan.

Petrochemical resumes price cuts, mostly bearish mentality

In August, the centralized maintenance to ease the supply pressure, but since the peak demand season has not yet started, it has significantly suppressed resource consumpti.

The downstream maintains just-needed procurement, and the recovery of demand still needs to be observed

At present, under the influence of safety and environmental protection supervision factors, the phenomenon of load reduction and parking in downstream factories is more comm.