PP: The turning point of the war against the "epidemic"

After more than a month of precise prevention and control, the inflection point of the "epidemic" battle of the new coronavirus has finally surfac.

After more than a month of precise prevention and control, the inflection point of the "epidemic" battle of the new coronavirus has finally surfac.

grade	Origin/Manufacturer	February 19	February 26	ups and downs
T300	Shanghai Petrochemical	8500	9000	500
T30S	Zhenhai Refinery	7400	7700	300
T30S	Daqing Refinery	7150	8000	850
F401	Yangzi Petrochemical	7600	8200	600
S1003	Ningbo Donghua Energy (formerly Fuki)	7000	7100	100
1102K	Shenhua Ningxia Coal	6950	7500	550
L5E89	Fushun Petrochemical	7200	7500	300
L5E89	Sichuan Petrochemical	7000	7100	100
M180R	Shanghai Petrochemical	8000	8500	500
PPB-M02 (J340)	Yangzi Petrochemical	8100	8300	200
PPB-M02-V (K8003)	Yangzi Petrochemical	8100	8400	300
K7926	Shanghai Secco	8500	8700	200
K8003	Shanghai Secco	8000	8500	500
K8003	Dushanzi Petrochemical	8000	8900	900
EPS30R	Zhenhai Refinery	7600	7800	200
EPC30R	Zhenhai Refinery	7900	8100	200

Brand Place of Origin/Manufacturer February 19th February 26th Changes T300 Shanghai Petrochemical 8500 9000 500 T30S Zhenhai Refining & Chemical 7400 7700 300 T30S Daqing Refining & Chemical 7150 8000 850 F401 Yangzi Petrochemical 7600 8200 600 S1003 Ningbo Donghua Energy (formerly Fuji) 7000 7100 100 1102K Shenhua Ningxia Coal 6950 7500 550 L5E89 Fushun Petrochemical 7200 7500 300 L5E89 Sichuan Petrochemical 7000 7100 100 M180R Shanghai Petrochemical 8000 8500 500PPB - M02 （J340 ）Yangzi Petrochemical 8100 8300 200 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 7800 200 EPC30R Zhenhai Refining & Chemical 7900 8100 200 Grade Origin/ Manufacturer February 19 , February 26 , Up and downOpposition T300 Shanghai Petrochemical 8500 9000 500 T300 T300 Shanghai Petrochemical Shanghai Petrochemical 8500 8500 9000 500 500 T30s Refinement 7400 7700 300 T30s T30s Zhenhai Refinery Town Hai Refining 7400 7700 300 T30s Daqing Refinement 7150 800 T30s T30s T30s T30s T30s T30s Daqing Refinery Daqing Refinery 7150 7150 8000 8000 850 850 F401 Yangzi Petrochemical 7600 8200 600F401 F401 Yangzi Petrochemical Yangzi Petrochemical 7600 7600 8200 8200 600 600 S1003 Ningbo Donghua Energy (former Fuki) 7000 7100 100 S1003 S1003 Ningbo Donghua Energy (former Fuki) Ningbo Donghua Energy (former Fuki) 7000 7000 7100 7100 100 100 1102K Shenhua Ning Coal 6950 7500 550 1102K 1102K Shenhua Ning Coal Shenhua Ning Coal 6950 6950 7500 7500 550 550 L5E89 Fushun Petrochemical 7200 7500 300 L5E89 L5E89 Fushun Petrochemical Fushun Petrochemical7200 7200 7500 7500 300 L5E89 Sichuan Petrochemical 7000 7100 100 L5E89 L5E89 Sichuan Petrochemical Sichuan Petrochemical 7000 7100 7100 100 M180R Shanghai Petrochemical 8000 8500 500R M180R Shanghai Petrochemical 8000 8500 8500 500 PPB - M02 (J340 ) Yangzi Petrochemical 8100 8300 200 PPB-M02 (J340) PPB-M02 (J340) Yangzi Petrochemical Yangzi Petrochemical 8100 8100 8300 8300200 200 PPB-M02-V (K8003) Yangzi Petrochemical 8100 8400 300 PPB-M02-V (K8003) PPB-M02-V (K8003) Yangzi Petrochemical Yangzi Petrochemical 8100 8100 8400 8400 300 300 K7926 Shanghai Secco 8500 K7929 600 Shanghai Secco Shanghai Secco 8500 8500 8700 8700 200 200 K8003 Shanghai Secco 8000 8500 500 K8003 K8003 Shanghai Secco Shanghai Secco 8000 8000 8500 8500 500 500 K80038000 8900 900 K8003 K80038000 8000 8900 8900 900 900 EPS30R7600 7800 200 EPS30R EPS30R7600 7600 7800 7800 200 200 EPC30R7900 8100 200 EPC30R EPC30R Zhenhai Refinery Zhenhai Refinery 7900 7900 8100 8100 200 200

Table 1: The month-on-month rise and fall of the PP market in China Plastics City

Table 1: The month-on-month rise and fall of the PP market in China Plastics City

As shown in Table 1, since last Wednesday (February 19), PP has entered a strong upward chann.

As shown in Table 1, since last Wednesday (February 19), PP has entered a strong upward chann.

International crude oil: The international crude oil in February was on a roller coaster trend, with ups and downs, ups and dow.

Figure 1: International crude oil trend chart from February to now

Figure 1: International crude oil trend chart from February to now

Propylene monomer: The recent trend of propylene monomer should be divided into two perspectiv.

Propylene monomer: The recent trend of propylene monomer should be divided into two perspectiv.

Petrochemical companies: According to the usual rhythm, the PP inventory accumulated by domestic petrochemical companies before the Spring Festival holiday will be consumed by downstream factories after the holid.

Terminal demand: Since last week, all parts of the country have started a slow road to resumption of wo.

Plastic weaving enterprises: As of February 24, the overall operating rate of plastic weaving enterprises has increased to 38%, which is still a certain distance from 55% in the same period last year, but has rebounded significantly from the historical low of only 30% during the Spring Festiv.

BOPP enterprises: Most BOPP enterprises have resumed production, and the overall operating rate is around 48%, but some devices have not been able to operate at full capaci.

Pipe enterprises: Most medium and large pipe enterprises have entered the stage of intensive resumption of work, but due to the slow progress of workers returning to work, the operating rate is only about 3

CPP enterprises: The overall operating rate of CPP enterprises is 4

Others: Although the spread of the domestic epidemic has been controlled to a certain extent, and the production capacity of masks is being resumed, but in the face of a huge gap, the supply is still in short supply, especially the face of the mask, which is also the main material for the core part of the ma.

To sum up, the current PP market is more favorab.