The profit of the hottest polypropylene PP pellets

2022-07-30
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Polypropylene (PP) pellets: good profits to support the market to take action

release date: 1. Earnestly implement the major resolutions of China Plastics Association source: Zhongyu information Views: 7548 copyright and disclaimer

core tip: Although the demand is in the off-season at present, there is no lack of good support in the domestic polypropylene pellet market. First, the high level of international crude oil supports the plastic market. Secondly, the supply side is tight due to the peak maintenance of devices, the decline of social inventory, and the recent depreciation of RMB, the opening of export window, the easing of demand side, and the improvement of market supply and demand pattern support the market again. After the market focus continued to rise, the profit from the main source of domestic polypropylene was also a good market for growth

[China Packaging News] although the demand is currently in the off-season, the domestic polypropylene pellet Market specializes in the production and supply of various experimental machines, and there is no lack of good support in the jaw field. First, the high level of international crude oil supports the plastic market. Secondly, the supply side is tight due to the peak maintenance of devices, the decline of social inventory, and the recent depreciation of RMB, the opening of export window, the easing of demand side, and the improvement of market supply and demand pattern support the market again. After the market focus continued to rise, the profit from the main source of domestic polypropylene was also a good market for growth

polypropylene profits from various raw material sources increased to varying degrees this month. Among them, the average profit of oil-based polypropylene was 1581 yuan/ton, up 6. 5% month on month It is three times as high as that at the end of "1015". 32% of their machines are very fine. During the month, the oil market was intertwined with long and short positions, and the Sino US trade conflict heated up, putting pressure on risky assets such as crude oil. In addition, the rebound of the US dollar increased the decline of oil prices. However, concerns from the supply side increased the oil prices. During the month, the crude oil prices fell slightly compared with the previous month, and the profits of oil-based polypropylene rose by a limited margin. The average profit increase of coal based polypropylene in the month was limited. Due to the impact of safety and environmental protection inspection, the commencement of coal mine was blocked. At present, it is the peak demand season, and the pattern of short supply makes the coal price still at a high level, so that the profit of coal based polypropylene in the month increased by 0.64% month on month. However, due to the poor downstream consumption, the price of methanol was under pressure in the month, and the profit of methanol to polypropylene increased significantly month on month

it is expected that the domestic polypropylene pellet market is expected to rise in the later period. Shenhua Ningmei, Shenhua Xinjiang, Daqing Petrochemical, Daqing Refining and chemical and other units have maintenance plans, and the market supply of surface goods will continue to be tight. At the same time, the traditional peak demand season is coming, the downstream may prepare goods in advance, the terminal demand is expected to improve, and the market supply and demand pattern is expected to support the upward market. Accordingly, the profit margin of polypropylene also changed

the supply side of the oil market continues to worry, but the Sino US trade conflict still depresses the oil market. It is expected that the oil market will continue to consolidate in the later stage. The profit of oil-based polypropylene may increase due to the rising price of PP, but the range is limited. In terms of coal, the production profit is considerable. After the environmental protection inspection, the open-pit coal mines that meet the environmental protection requirements actively resume production and the demand in the peak season supports the coal price. The coal price is expected to remain high, and the profit of coal based polypropylene is expected to change limited next month. As for methanol, the supply of methanol in Northwest China is gradually increasing, and the arbitrage space will gradually open. However, the downstream consumption of methanol is not good, and the market is resistant to high prices, so the high price of methanol is difficult to maintain. The profit of methanol to polypropylene is expected to continue to rise

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