When polypropylene is immediately thought of pellets, in fact, polypropylene powder has always played the role of 'intimate comrades' around the pellets. The granules will change and the same powder will also be affected. At the same time, the price change of powder grains can also be found in the market. The law of change is whether the pellets guide the powder or whether the powder fills the vacancy.
I. Comparative analysis of powder spreads
Polypropylene Powder Battle 'Close Friend' Role Change
According to the data analysis of Jinlianchuang, the price difference between powder and grain is gradually narrowing, and it is currently in a bonded state. The price difference is from RMB 50-100/ton, which narrows to zero. Currently, the granules are favored by the cost and supply side. Impact, the recent strong price intentions, powder is also affected by the short-term decline in space is limited.
Second, the relationship between inventory and drawing
Polypropylene Powder Battle 'Close Friend' Role Change
According to the Jinlian Group's inventory data, the current two oil inventories continue to decline, and the ex-factory price of the pellet manufacturers is clearly supported. Most of the short-term stability is expected to wait. Although the impact of inventory on the ex-factory price is slightly behind, the overall negative correlation exists.
Three, period spot comparative analysis
Polypropylene Powder Battle 'Close Friend' Role Change
From the comparative analysis of Jinlian's creation date data, spot stocks appear to complement each other, and spot prices are highly affected by tight supply prices. Futures are also playing an important role. Futures guide spot prices, and spot prices in turn affect futures trends.
Fourth, the dispute of powder particles
There is a certain substitute between polypropylene powder and granules. The comprehensive performance of the granules is better than the powders from the analysis of the properties of the granules. The granules are mostly produced by an integrated device, the propylene source is stable, the production is continuous, and the product is stable. , Appearance is good; powder is generally white powder, some products yellow. In addition, the powder in the production process does not add any additives, so its products in the sun, weather and other aspects are inferior to pellets. From the product quality In terms of the above, the shelf life of powder is generally 6 months, and the shelf life of pellets is about 2 years. The stability is even higher. Although the pellets can theoretically replace powder, the current powder still occupies part of its low price advantage. Market share, and will not change in the short term; In addition, part of the production equipment can not use PP pellets, but also to support the powder market to a certain extent. The current granules - powder price difference is higher than normal, powder low price The advantage can still be maintained, but in the long run, this spread will gradually be repaired.