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[Polypropylene prices rose slightly due to the impact of supply and cost]
At the end of April, due to the consolidation of high international crude oil prices, domestic polypropylene (PP) prices received certain support. As the domestic existing maintenance equipment has not yet been fully restored and there are new overhauls, the pressure on the supply side is relatively small, and the supply of PP in some markets is structurally tight, pushing prices upward.
According to data on April 28, the mainstream price of wire drawing PP in East China is 7,550 - 7,650 yuan/ton, up 20 yuan/ton from the beginning of the week. However, downstream factories are more cautious in purchasing when entering the market due to insufficient new orders and poor profitability. At the same time, some factories in downstream areas reduced production before the holiday, further dragging down demand and suppressing the downward trend in PP prices.wptfreepokerthe main factor.
Looking forward to the market outlook, as demand gradually recovers after the holiday, equipment maintenance is still relatively concentrated, supply pressure has eased, and cost support has been relatively stable. The PP market is expected to rise slightly, but there is limited upside space.