In the weak economic environment, the fundamentals of the chemical industry tend to be weak, and the price of the polypropylene market basically runs around the cost line. Polypropylene prices fell, the profits of production enterprises gradually eroded, coupled with the impact of coal to olefin on propylene is far greater than ethylene, polypropylene production enterprises operating conditions is worse. However, as prices fell, manufacturers began to take measures to save themselves.
Price trends are determined by both supply and demand, if the demand can not keep up, then polypropylene prices even if rising, the height will be limited. Now, what about the downstream demand for polypropylene? The answer is weakness.
Although downstream consumption is weak, but considering the recent demand is difficult to continue to deteriorate, it can only be said that insufficient consumption limits the room for polypropylene to rise.
In general, polypropylene technically fell below the important support level, but the basic crude oil prices stabilized, and enterprises started to reduce the load, production also maintained low inventory, the price of polypropylene in the later stage may resume to rise. However, subject to the weakness of downstream consumption, the rebound is highly limited, and the price may be difficult to break through the 20-day average.
Polypropylene (English name Polypropylene) referred to PP, is a kind of thermoplastic resin made by propylene polymerization, and is non-toxic, odorless, tasteless milky white high crystalline polymer, density is only 0.90 --" 0.91g /cm3, is one of the lightest varieties of all plastics. It is particularly stable to water, its water absorption rate in water is only 0.01%, and its molecular weight is about 81,150,000. Formability is good, but because of the shrinkage rate (1%~2.5%). Thick wall products are easy to sag, for some parts with high dimensional accuracy, it is difficult to meet the requirements, and the surface of the products is good.
