1、 Price trend
| EDTA |
According to the data monitored by the business agency, the domestic PP market was relatively volatile in the second half of February, with spot prices rising and falling in the near future. As of February 27, the main offer price of T30S by domestic producers and traders was about 6933.33 yuan / ton, down 1.22% from the average price in the second week of February.
2、 Cause analysis
Upstream: according to the data of the business club’s bulk list, the domestic propylene market has bottomed and rebounded recently. In terms of raw materials, the crude oil market has not changed much, but it has been raised for several days in a row. There are still many units in the upstream plant that have been shut down for maintenance. It is difficult to recover the supply in a short period of time, and the propylene output is small. However, the terminal manufacturers have started to resume work, and the logistics and transportation have also recovered. The demand for propylene has increased significantly. Moreover, the PP futures market has been climbing continuously, and the downstream has promoted procurement. Therefore, it is expected that the propylene market price in recent days Or it will continue to increase.
| Melamine |
Product: propylene market rebounded this week, and the cost side has certain support for PP. Domestic logistics is also gradually recovering. At present, the manufacturers are consuming inventory smoothly, the pressure of petrochemical factory inventory has been relieved, and the confidence of the operators has been boosted. In terms of demand, the downstream factories have resumed work one after another, the factory’s operating rate has increased, and there is a phenomenon of replenishment. Producers and distributors are stable in mind, and it’s OK to go single.
3、 Future forecast
PP analysts of business club think: this week, the domestic PP spot market shows a trend of first restraining and then rising. The upstream propylene price bottomed out and rebounded, which has some support for the cost side. The resistance of Limited Logistics and transportation is small, and the resumption of downstream factories is accelerated. The demand has improved, the stock of petrochemical plants has decreased, the operators are on the market, and the orders are stable. It is expected that the PP market will continue to adjust in a narrow range in the near future. It is suggested to pay close attention to the market of cost end propylene.
| EDTA 2Na |