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Today, the domestic PP market is mostly small consolidation, some wire drawing brands appear 20-50 yuan/ton unequal downward. The weak volatility of early futures has dragged down the mindset of entrants and spot prices, and some holders have offered their profits to facilitate delivery; the volatility rebounded in the late afternoon, and market sentiment has improved. In addition, due to the steady cost-side support, prices tend to be volatile consolidation. Downstream terminal wait-and-see mood rose, the actual transaction slightly blocked, part just need to remain stable, but the focus of the transaction declined, mostly based on negotiations. The mainstream price of wire drawing in North China market is 8850-8900 yuan/ton, that in East China market is 8900-9050 yuan/ton, and that in South China market is 9030-9180 yuan/ton.
The weak volatility of early futures has hit the market sentiment, and the continuation of the volatility of the market is mainly consolidated. In the short run, the supply pressure of polypropylene has eased slightly. On the one hand, the planned overhaul facilities increased in April, and the decline of petrochemical stocks accelerated. The stable ex-factory price of Petrochemical has certain cost support for polypropylene, and the downward pressure of polypropylene spot has eased. On the other hand, although downstream factories are more resistant to the current high price and the demand volume is not obvious, there is still a normal demand for just purchasing. Zhuo Chuang expects the PP market to continue to shake up tomorrow. Taking East China as an example, the price range is estimated to be 8950-9100 yuan/ton.
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