Plastic raw material polypropylene has acted as the new leader. According to the October 9th, the spot price of PP wire drawing has increased by 100~250 yuan (ton price, the same below). Recently, Sinopec Huazhong PP wire drawing, injection molding, fiber prices have risen by 300 yuan. PetroChina Huadong PP injection molding, drawing, film material pricing is also raised 100~250 yuan.
Under the demand, the futures strength of the PP brand has reached 12,000 yuan, a record high in the past four years. In terms of futures, the PP main contract has risen from 9,600 yuan to 10,500 yuan since the beginning of September. Above, the increase is nearly 10%.
According to institutional analysis, the soaring price of plastic raw materials PP is mainly due to the frequent accidental parking of production enterprises. The shortage of stocks causes suppliers to adjust prices, and most traders are accompanied by high reports. In addition, the international oil price surge is also an important stimulus. In the later stage, As the operating rate rebounds, the PP price increase will ease.