baccaratrohan| Polypropylene market shock consolidation: East China wire drawing 7,680 - 7,800 yuan/ton
editor 2024-05-22 14:01:18 Home 46
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[Polypropylene market fluctuated at a high level in East China wire drawing price range fluctuated within a narrow range]
May 22baccaratrohan, domestic polypropylene (PP) prices showed a high and volatile trend. On that day, the price of wire-drawing grade polypropylene in East China ranged from 7680 to 7800 yuan/ton. Frequent overhauls of existing production capacity and delayed release of new production capacity have provided support to the market.
Upstream suppliers show strong performance due to cost considerationsbaccaratrohanThe price insists. Traders have limited room for price cuts under the support of costs. However, due to weakening seasonal demand, the downstream market has a low purchasing willingness and is resistant to high prices, and the market's gains are facing resistance.
Although polypropylene fundamentals showed weakness and spot trading was sluggish, market sentiment remained active. Under the influence of multiple factors, the polypropylene market is expected to remain volatile in the short term.