According to the data monitored by SunSirs, the PP market fell in the third week of May, and the spot prices of various brands generally decreased. As of May 24, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 8,516.67 RMB/ ton, a decrease of 1.92% compared with the average price at the beginning of the month, and an increase of 11.82% compared with the same period last year.
PP upstream propylene domestic market trend fell in the near future. The current propylene market is lack of guidance, and it is expected that it will be stable and weak in the future. PP cost side support weakened.
In terms of fiber materials, according to the data monitored by the business society, as of May 24, the mainstream offer of domestic producers and traders Z30S (fiber) was similar to that of wire drawing materials, with a price of about 8,666.67 RMB/ ton, a decrease of 1.70% compared with the average price at the beginning of the month, and a rise of 12.31% compared with the same period last year.
In terms of melt blown materials, melt blown PP market last week, small weak, spot prices remain at the level of 10,000 RMB/ ton. As of May 24, the average quotation of PPH-Y1500 sample enterprises monitored by the business community was about 10,700 RMB/ ton, and the price range of imported materials was about 12,000 RMB/ ton. At present, the domestic melt blown fabric manufacturing market saturation is high, and it is expected that the melt blown PP market will continue to be stable.
SunSirs PP analysts believe, in the third week of May, the domestic polypropylene industry was bad and dominated the market. Propylene price at the cost side fell, while PP cost side support weakened. In the current high-speed production pattern of PP market, the negative factor of increasing supply will be gradually released and expanded in the medium and long term. It is expected that the price of PP will fluctuate weakly in the near future in China.
