The end is imminent, what is the point of the polypropylene market?

The reduction in crude oil production pushes up expectations for rising crude oil production, and is cautiously optimistic in the next period of time

The pattern of oversupply in the crude oil market has not changed, so cutting production and increasing production is in line with the needs of major oil-producing countri.

The PP futures market trended downward throughout the year, failing to give positive guidance to the spot

Throughout the year, the price of PP futures showed a downward trend of fluctuatio.

The domestic propylene self-sufficiency rate has increased, and the market is facing a situation of overcapacity

In 2019, the new production capacity of propylene ushered in a record hi.

The overhaul of the equipment is decreasing compared with the previous month, and the supply pressure is obviously increasing

After entering the fourth quarter, the characteristics of the domestic PP plant maintenance off-season are prominent, especially in December, due to the previous shutdown and maintenance, and there is no new planned maintenance plant, the shortage of resources is not serio.

There is a lack of enthusiasm for downstream procurement, and the transaction situation is not optimistic

For a long time, no matter how the market quotation is adjusted, the purchasing enthusiasm of end users has not been mobilized, and weak trading has always been a major problem that plagued the mark.