SunSirs: China PP Market Rose in November

According to the data monitored by SunSirs, China domestic PP market was positive in November, and the spot prices of various brands increased significantly. As of December 1, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 9,066.67 RMB/ ton, which was 11.25% higher than the average price level in early November.

On the upstream side of PP, according to the data of SunSirs, the domestic propylene (Shandong) market price fluctuated steadily in the first ten days of November, and then showed a straight-line upward trend in the last ten days. At the beginning of November, the monthly low price was 6,737 RMB/ ton, while at the end of the month, the monthly high price was 7,739 RMB/ ton. The monthly average price rose over 1,000 RMB/ ton, with a monthly increase of 14.87%. It is expected that the price of propylene will stabilize temporarily in the near future.

According to the data monitored by SunSirs, the PP (drawing) market in November was red all month, with a good trend. The mainstream offer of Z30S (fiber) of domestic manufacturers and traders is the same as that of drawing materials, and the price is about 9,066.67 RMB/ ton, which is 9.46% higher than the average price level in early November. It is expected that the price of fiber materials will come back in the near future. PP meltblown material market recent shock finishing market, price trend and supply and demand led. SunSirs believes that the melt blown PP market in November is supported by the cost side, but the overall trend is still biased towards adjustment.

In November, CHina domestic PP spot market was more positive. The upstream propylene market was strong and the price was rising, which supported the cost side of PP. PP (drawing) price increased, PP (fiber) market also rose, PP (melt blown) decline tends to be stable. At present, the stock purchase of downstream factories turns weak and the transaction is weak. Merchants give profits and actively ship goods. China PP spot is expected to adjust downward in the near future.

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