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In December 2019, there were few maintenance devices, and the start-up of enterprises in production remained high.
High supply and low maintenance suppressed the market.
The second phase of Hengli Petrochemical has been put into trial operation, but the start-up is insufficient, and it has not yet put pressure on the market
.
In 2020, the peak of plant maintenance will be concentrated in May/June, and some large plants (Maoming Petrochemical, Zhenhai Refinery, etc.
) have maintenance plans
.
In 2020, there will be a lot of pressure on the production of domestic polypropylene plants.
With the continuous increase in supply brought about by the commissioning of new plants, the contradiction between supply and demand will not be reduced.
In the next year, the high price of China's PP market will be slightly lower than in previous years, and the high point is expected to appear in the gold nine silver Ten market conditions, considering that Zhejiang Petrochemical and other units were put into operation around New Year's Day, and the output was gradually released in the later period, coupled with the impact of the Spring Festival holiday, the supply side inventory accumulated and the pressure increased, but there were pessimistic expectations on the demand side.
Although there are many maintenance equipment in the second quarter, However, due to the release of pressure from new production capacity, it is expected that the price of PP will drop rapidly in the second and third quarters of 2020, and the low level of drawing is expected to break the 2019 level, below 7,000 yuan/ton
.
In the future, with the continuous increase in supply brought about by the commissioning of new devices, the contradiction between supply and demand will not be reduced.
In addition, it is an indisputable fact that the global economic growth rate will decline.
The downward pressure on China's economic growth rate will be great, and the uncertainty of superimposed trade barriers will lead to pessimistic expectations of demand.
It is already obvious that the profits of downstream manufacturing enterprises are expected to remain low
.
