According to the data monitored by the SunSirs, on April 27, the PP market was sideways, and the spot prices of individual brands rose in a narrow range. According to the price of business agency, the reference price of mainstream offer of domestic manufacturer T30S (wire drawing) is about 8820 RMB/ton.

Previously, the operating rate of domestic PP enterprises declined, and the supply side in the field was reduced. On the cost side, direct upstream propylene shock adjustment, remote international crude oil shock and general PP cost support. After the enterprise reduced the ex factory price, it stimulated some downstream demand, and the transaction increased slightly today.

The midstream inventory position is high, and the operation maintains positive shipment. However, the overall purchase of downstream enterprises is still more cautious, focusing on maintaining production. The impact of the health incident on East China is still ongoing. It will take some time for all transportation to recover, and part of the demand is recovering. It is expected that the PP price may fluctuate in the short term.

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