According to the data monitored by SunSirs, the PP market was weak and volatile in July, and the spot prices of various brands fell by a narrow margin. As of July 30, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders was about 8,483.33 RMB/ ton, a decrease of 1.36% compared with the average price at the beginning of the month and an increase of 8.76% year-on-year.
PP upstream propylene domestic (Shandong) market showed a V-shaped trend in July, PP cost side support was acceptable, disk upward resistance was large, and spot prices fluctuated and fell in a narrow range.
In terms of fiber materials, according to the data monitored by the business society, as of July 30, the mainstream offer price of domestic manufacturers and traders Z30S (fiber) was about 8,516.67 RMB/ ton, a decrease of 2.29% compared with the average price at the beginning of the month and an increase of 9.89% year-on-year. Near the end of the month, the proportion of domestic fiber PP output fluctuated and fell to about 6% recently. At present, the demand for fiber PP is general, and the current price range of spunbonded non-woven fabrics in the main downstream is around 11,000 RMB/ ton. The consumption level of end products such as diapers is average. The spot price fluctuated and fell in July, and the market was weak and consolidated. Most of the future market operators were stable.
In terms of melt blown materials, the melt blown PP market continued to be weak and stable in July. As of July 30, the average quotation of domestic meltblown material PPY-Y1500 sample enterprises monitored by business society was about 9,533.33 RMB/ ton. At present, the market saturation of domestic melt blown cloth products is high. Recently, domestic orders have recovered slightly, and the demand in Nanjing has begun to increase. However, the domestic inventory level remains high, and the positive impact on the demand side is limited. The overseas epidemic level remains the same, the recent demand of the external epidemic prevention market is relatively stable, and there is no obvious pulling effect on the melt blown PP industry. It is expected that the price market may continue to be weak.
SunSirs PP analysts believe that the overall shock of domestic polypropylene market in July was weak, and the spot price fell in a narrow range. The load of downstream enterprises is not high, and the demand follow-up has not been improved. There is a great pressure on the delivery of high price goods in the venue, and the merchants prefer to make profit. The upstream propylene market returned after falling, and the PP cost side support was acceptable. The market mentality is general, and it is expected that China PP price may continue the weak consolidation pattern in the short term.