According to the data monitored by SunSirs, the domestic PP market price fluctuated and adjusted in September, and the spot prices of some brands fell back in a narrow range. As of September 30, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was around 8,016.67 RMB/ ton, a decrease of 1.64% compared with the average price at the beginning of the month.

Upstream propylene rose in September after strong, high market, there is support for PP cost side. According to the data monitored by SunSirs, the market performance of PP (wire drawing) fluctuated and adjusted in September. The spot price in the middle of the month remained stable after a narrow correction, and the inventory level was in the low range over the years. During the peak season, the downstream demand is strong, and the orders begin to increase gradually, and the price is stable in the second half of September. PP (wire drawing) market is expected to consolidate in the short term, and late production of new projects may bring impact to the market at the end of October.

According to the data monitored by SunSirs, as of September 30, the mainstream offer price of domestic manufacturers and traders Z30S (fiber) was about 8,350 RMB/ ton. Compared with the average price level at the beginning of the month, there was an increase of 3.30%. In September, the drawing materials showed a high finishing market after rising. The monthly high appeared at 8,383.33 RMB/ ton on September 4, and then stabilized. It is expected that China PP (fiber) will be in consolidation operation in the near future.

PP meltblown materials decreased in September, domestic PP meltblown materials market confidence is still poor. According to the data monitored by SunSirs, the decline of PP (meltblown) has decreased since September. As of September 30, the average price of sample enterprises is about 14,500 RMB/ ton. At present, the domestic epidemic situation is generally stable, the demand for epidemic prevention products is declining, and the domestic market is still in the pattern of oversupply. The relationship between the future demand of PP (meltblown) and the profit of manufacturers is complex, and the mentality of merchants is negative. However, the spot price of China meltblown PP seems to have fallen to a low profit point, which is expected to stabilize in the near future.

SunSirs PP analysts believe: PP current inventory is still declining steadily, the weakening of future in September also restricts the PP market. The stock situation of downstream factories is fair, the business mentality is general, and the offer follows the market. It is expected that China PP spot market will be weak after the start-up of new production projects.

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