It is reported that since late July, PP futures continued to strengthen, the price reached a new high in recent years.
Looking ahead, although the pattern of tight supply and demand in August still difficult to have a significant change, but in view of the majority of the factors have been different degrees, the price of the fundamental reaction has been gradually in progress, the PP fundamental further upward drive will be slowed.
According to the announced plans, Daqing Petrochemical, Shenhua Xinjiang, Ning Coal oil and other equipment overhaul will continue to September, and into the August after Ning Coal MTP first line, Haitian petrochemical and Zhongtian and other devices such as accident parking further increase the short-term capacity losses, so the domestic supply should still have no pressure before September. After the domestic price continues to rise, the internal and external price difference of PP has undergone a great change, all of the import losses have been reduced to the year low, the combined import profits from negative significantly positive, so it can be foreseen that the future of the copolymerization to Hong Kong is expected to increase, if the price further rally, the amount of imports may also increase,
Therefore, compared with the previous domestic price of large paste water import costs, the current price of the upstream resistance has increased significantly. As the external pressure increases, recently, the government's economic work has gradually shifted to the ' stable economy ', the liquidity of the interbank market has been more relaxed, and the relevant departments have been actively trying to direct funds and projects to effective docking under the premise of not repeating the ' big leverage ' mistakes, so from the domestic point of view,
Demand for a large probability to obtain a certain support. Due to the slow supply recovery and the ' steady economic ' policy, domestic PP supply and demand in the short term will still be in a relatively tight state.