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Tight supply pushes up polypropylene market

wallpapers News 2020-08-28

Recently, petrochemical enterprises have entered the period of centralized maintenance.

According to the statistics of petrochemical plant operation data last week, the proportion of shutdown maintenance is close to 20%, which directly leads to the decrease of the supply of goods in the market.

In addition, the new parking devices such as Zhongyuan Petrochemical Co., Ltd. are added this week, the overall overhaul quantity of petrochemical industry has increased or not.

In terms of import, due to the sharp depreciation of RMB since this year, the price advantage of imported materials over domestic materials has weakened, resulting in the reduction of import dem.

According to the customs statistics, PP import volume in February decreased by 37.

3% compared with January, we expect that there is a great possibility of further reduction in March April.

Although the coal to olefin production capacity has increased rapidly in recent years, which is gradually weakening the pricing discourse power of Sinopec PetroChina, at this stage, the supply of PP market is still dominated by Sinopec PetroChina.

according to the production capacity data in 2013, Sinopec's production capacity was 6.

405 million tons, accounting for 46% of the total capacity of the country, PetroChina was 3.

95 million tons, accounting for 28% of the national total.

Therefore, during the peak period of equipment maintenance in petrochemical enterprises, the market supply of goods will be greatly reduced.

Although domestic PMI other data decline, downstream dem continues to be depressed, but it does not prevent PP prices from soaring, because the current market supply-dem contradiction is not prominent.

Take the low-cost copolymerization price in Tianjin as an example.

At the beginning of the month, the mainstream price was 11500 yuan / ton.

This week, the mainstream price has risen to 11900 yuan / ton, of which the shortage of goods is the main driving force.


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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.
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