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Propylene fell by 3,600 yuan in half a month, and PP fell by 11,500 yuan in a month!

 Last Update: 2022-08-23
 Source: Internet
 Author: User

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PP polypropylene has gradually regained its calm after experiencing the madness of insanity

Due to the skyrocketing rise of PP, its upstream raw material propylene also experienced a period of skyrocketing, but after the prosperity dissipated, the downward trajectory was extremely miserable

It can be seen from the propylene price chart that I searched in the past January: the propylene market is mainly down!

On April 13, the price of propylene was 9,445 yuan/ton.
By April 27, the price had dropped to 5,851 yuan/ton, and it had dropped by 3,594 yuan in half a month!

Back to PP itself, we can see from the average price trend chart of PP Shanghai Secco S2040 Shanghai market in the past January: PP market is down!

On April 13, the price of PP was 23,050 yuan/ton.
By May 9, the price had dropped to 11,550 yuan/ton, and it had dropped by as much as 11,500 yuan in less than a month! almost halved

In the environment of strong supply and weak demand, the overall trend tends to be weak

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