SunSirs: China PP Daily Review on December 14
December 15 2021 13:59:11 SunSirs (Selena)
According to the data monitored by SunSirs, the PP market rose narrowly on December 14, and the spot prices of various brands rose slightly today. According to the price of SunSirs, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders is about 8,040 RMB/ ton. The upstream propylene market has limited changes and generally maintains a pattern of sufficient supply and weak downstream demand. The stability of raw materials is weak, and the support for PP is general. Recently, PP destocking has been smooth, and the mentality of on-site sellers has been strengthened, but the demand remains at a low level. There is a heavy wait-and-see atmosphere after the recent rise, and it is expected that PP price in China will be difficult to rise sharply in the short-term future.
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