According to the data monitored by SunSirs, the PP market rose first and then fell in May, and the spot prices of various brands decreased overall at the end of the month. As of May 31, the mainstream offer price of T30S (wire drawing) of domestic manufacturers and traders was about 8,516.67 RMB/ ton, with a decrease of 1.92% compared with the average price at the beginning of the month and an increase of 11.33% compared with the same period last year.
PP upstream propylene in May domestic (Shandong) market prices continued to rise after the shock down. At the beginning of the month, the price was 8,055 RMB/ ton, and at the end of the month, the price was 7,781 RMB/ ton, with a monthly decrease of 3.40%. It is expected that propylene may continue to drop slightly.
Upstream propylene market fell, PP cost side support weakened. At the end of May, the negative effect is superimposed, and the current drawing material market is still short.
In terms of fiber materials, according to the data monitored by SunSirs, as of May 31, the mainstream offer of domestic producers and traders Z30S (fiber) was similar to that of wire drawing materials, with a price of about 8,666.67 RMB/ ton, a decrease of 1.70% compared with the average price at the beginning of the month, and an increase of 11.83% compared with the same period last year. At present, the demand for fiber PP is not strong, which has a negative impact on fiber PP.
Melt blown materials, melt blown PP market last week, small weak, spot prices remain at the level of 10,000 RMB/ ton shocks. As of May 31, the average quotation of PPH-Y1500 sample enterprises monitored by the business community was about 10,633.33 RMB/ ton, and the price of imported materials rose, generally more than 12,000 RMB/ ton. At present, the domestic epidemic situation is generally stable, and the situation of saturated demand for medical protective equipment is relatively stable. In terms of overseas epidemic situation, the recent epidemic problems in China's neighboring countries in the Asia Pacific region are profound, which may increase the epidemic prevention pressure of neighboring countries in the future. Melt blown PP market is expected to continue to narrow adjustment in China.
SunSirs PP analysts believe, domestic polypropylene market was overall decline in May. Propylene price at the cost side fell, while PP cost side support weakened. Polypropylene has entered the traditional off-season demand, and its consumption is low. The end users have strong resistance to the high price of goods, the goods preparation is rigid, and they need to operate carefully. Multiple factors restrict the actual trading. With the gradual release of the bad news of medium and long-term supply side of PP production capacity, it is expected that PP prices will remain weak in the near future in China.
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