The PP market is weak and volatile, and traders follow the market

In terms of spot trading in East China, the polypropylene pellet market is weak and volatile, the futures trend is sluggish, traders follow the market to ship, downstream small orders are cautious and just needed, although some coal chemical equipment maintenance, but the supply of goods is abundant, the spot end is difficult to support
.

From the perspective of equipment maintenance, the maintenance rate of PP equipment expanded slightly to 19.
68%, and the maintenance of 300,000 tons of China Coal was newly extended for 3-5 days, but the wire drawing ratio also rose to 29.
38%, the overall supply of short-term wire drawing rebounded slightly, and the warehouse pressure increased
.

In addition, there are still devices that will be restarted in the near future, such as Maoming Petrochemical Third Line, North China Petrochemical, Dalian Organic Old Line, Shanghai Petrochemical Third Line will be restarted in the near future, Datang Duolun Line II has also been opened, and the overall maintenance volume in May has declined, coupled with the release of new production capacity in the early stage, the probability of PP supply continuing to grow is still large
.

As demand is still light, BOPP profits continue to shrink to a low level, and the production of automobiles and home appliances is in a seasonal downward cycle, and pressure on supply and demand remains
.
It is expected that the PP market will continue to remain weak and volatile
in the short term.