1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market for imported potassium chloride has risen this month, with the price of potassium chloride rising from 2366.00 yuan/ton at the beginning of the month to 2533.50 yuan/ton at the end of the month, an increase of 7.06%.

2、 Market analysis

The domestic potassium chloride market has generally seen an increase in the range of 150-200 yuan/ton this month, with the main upward phase concentrated in the first half of the month and the market operating steadily in the second half. In terms of imports, the price of 60% potassium chloride is mostly in the range of 2200-2500 yuan/ton. Due to the small arrival volume in early April, the domestic market performance was tight, and the price trend was upward, which is also the direct reason for the price increase. But with high prices, downstream factories generally have a resistance to price increases, and the peak season for spring plowing procurement is gradually coming to an end. Most enterprises have replenished their inventory in the early stage, and the demand for compound fertilizer manufacturers is decreasing. Therefore, potassium chloride did not continue to rise in the second half of the month.

From the downstream market of potassium chloride, the performance of the downstream potassium fertilizer market is sluggish, with prices mostly declining. The market price of potassium carbonate has slightly declined this month, dropping from 7310.00 yuan/ton at the beginning of the month to 7250.00 yuan/ton at the end of the month, a decrease of 0.82%. The market price of potassium nitrate has slightly declined this month, dropping from 5062 yuan/ton at the beginning of the month to 4962 yuan/ton at the end of the month, a decrease of 1.98%. Overall, the downstream market for potassium chloride is sluggish, which may hinder the price of potassium chloride in the later stage.

3、 Future Market Forecast

The potassium chloride data analyst from Business Society believes that in May, the overall trend of the potassium chloride market may turn weak and consolidation oriented. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride has temporarily remained sluggish, but with the weakening of agricultural demand in Northeast China and the weakening of potassium fertilizer demand, potassium chloride procurement may show a downward trend, and compound fertilizer factories mainly produce nitrogen fertilizer. Therefore, the price of potassium chloride may fall weakly.

According to the monitoring of the commodity market analysis system of Business Society, the domestic price of LLDPE (7042) was 8378 yuan/ton on April 23, and the average price on April 30 was 8407 yuan/ton, with a price increase of 0.34% during the period.

According to the monitoring of the commodity market analysis system of Business Society, the domestic price of LDPE (2426H) was 9470 yuan/ton on April 23, and the average price on April 25 was 9545 yuan/ton, with a price increase of 0.79% during the period.

According to the monitoring of the commodity market analysis system of Business Society, the domestic price of HDPE (5000S) was 8507 yuan/ton on April 23, and the average price on April 30 was 8520 yuan/ton, with a price increase of 0.15% during this period.

Recently, polyethylene has seen a slight increase and the market trend is relatively strong. The centralized maintenance of petrochemical plants has led to a decrease in the supply of polyethylene, with strong quotes from producers and traders and an upward trend; According to data statistics, as of April 25th, the overall operating rate of downstream polyethylene industries increased by 0.05% compared to the previous week. The operating rate of the agricultural film industry has declined, and during the May Day holiday, the demand for packaging film industry has improved, boosting the polyethylene market; The high volatility of crude oil provides strong cost support.

On April 30th, the polyethylene l2409 contract on the Dalian Commodity Exchange opened at 8498 yuan and closed at 8494 yuan, up 28 yuan, with a maximum of 8527 yuan and a minimum of 8481 yuan, up 0.33%. Recently, polyethylene futures have fluctuated and risen, boosting the spot market.

As the holiday approaches, market trading is gradually weakening, and it is expected that there will be restocking behavior after the holiday. The supply side is still in a centralized maintenance period, and there is not much pressure on the supply side. Agricultural film is gradually entering the off-season, weakening support for the polyethylene market. There is an expectation of a decline in packaging film production. With the positive boost from the supply side, it is expected that polyethylene will fluctuate slightly upwards, but the upward space is limited.

According to the Commodity Market Analysis System of Business Society, as of April 26th, the average market price of compound fertilizer was 3483 yuan/ton, and on April 1st, the average market price of compound fertilizer was 3460 yuan/ton, a decrease of 0.76% from the beginning of last month.

Upstream raw material trends

urea

This month, domestic urea prices have fluctuated and risen. On April 29th, the price of urea was 2435 yuan/ton, and on April 1st, the price of urea was 2415 yuan/ton, an increase of 0.66% compared to the beginning of the month.

In the first half of this month, there was support from factory orders, resulting in a slight increase in urea prices. In the second half of the month, the urea market was affected by bearish news from the Indian market, and exports were suppressed. After a slight decline in the urea market, the market returned to fundamentals. With the support of factory orders, urea prices slightly surged, but have not yet broken through the previous period’s decline.

Ammonium phosphate market

The market continues to operate weakly. The decrease in raw material prices has weakened cost support. Spring plowing has entered the final stage, with weak demand in the ammonium phosphate market and limited new transactions. The operating rate of enterprises has declined, and the market supply has decreased.

Monoammonium phosphate

According to the Commodity Market Analysis System of Shengyi Society, the average market price of 55% powdered ammonium phosphate in China was 2853 yuan/ton on April 30th. On April 1st, the average market price of 55% powdered ammonium phosphate in China was 3096 yuan/ton. This month, the market price of monoammonium phosphate decreased by 7.56%.

Diammonium phosphate

According to the Commodity Market Analysis System of Business Society, the average market price of 64% diammonium phosphate in China was 3916 yuan/ton on April 30th. On April 1st, the average market price of 64% diammonium phosphate in China was 3976 yuan/ton. This week, the market price of diammonium phosphate decreased by 1.51%.

Potassium sulfate

According to the monitoring of the commodity market analysis system of Business Society, the price of potassium sulfate with a 50% content at the beginning of this month was 3250 yuan/ton, and the price of potassium sulfate with a 50% content at the end of this month was 3176 yuan/ton, a decrease of 2.26%.

In April, the domestic potassium sulfate price showed a downward trend, with weak market demand and overall insufficient transactions. Currently, the ex factory price of 52% Mannheim potassium sulfate powder is mostly between 3050-3300 yuan/ton, and the price in the southern market is higher than that in the northern market, with transaction negotiations being the main focus. The operating rate of resource-based potassium sulfate manufacturers is relatively normal, and there has been a delay in the maintenance of the Guotou Luo potassium plant. With the policy of monthly settlement, the current market price for 52% powder sales is mostly between 3150-3350 yuan/ton, and the market price for 50% potassium sulfate powder in the Qinghai water salt system is mostly between 2800-2850 yuan/ton. The transaction volume is negotiable.

In terms of supply and demand

Due to frequent fluctuations in raw materials and poor stocking enthusiasm in the middle and lower reaches, the utilization rate of compound fertilizer production capacity has changed rapidly in recent times. For example, from mid March to mid April, due to the delay in summer fertilizer preparation, business operations decreased. However, in late April, the flow of goods in the market accelerated, and the preparation time was shortened, resulting in a significant improvement in capacity utilization. To reduce risks, there has been an increase in the practice of enterprises adjusting production based on sales, and the inventory of enterprises has also decreased since mid April.

At present, the order volume of compound fertilizer enterprises is generally sufficient, and most of them have already arranged their orders until mid May, with some even arranging them until late May. With stable orders and sufficient support for goods to be shipped, the willingness of enterprises to adjust prices decreases, and the practical significance of price adjustments becomes relatively limited. With the advancement of summer fertilizer stocking and distribution, the market’s stock situation has begun to improve, and many regions have entered a centralized delivery period.

Future Market Forecast

From the perspective of upstream raw materials for compound fertilizers, price fluctuations have significantly slowed down. Overall, the compound fertilizer market has been stabilizing recently, with price fluctuations gradually easing. It is expected that the compound fertilizer market will maintain overall stability in the near future, with slight fluctuations in some areas, but the overall fluctuation range of the market is relatively limited.

According to the commodity market analysis system of Shengyishe, the price of acetic acid rose first and then fell in April. As of April 30th, the price was 3250 yuan/ton, which was an increase of 150 yuan/ton compared to the beginning of the month’s acetic acid price of 3100 yuan/ton, with an overall increase of 4.84%.

As of the end of the month, the price details of acetic acid market in various regions of China in April are as follows:

Region/ April 1st/ April 15th/ April 30th

South China region/ 3000 yuan/ton/ 3125 yuan/ton/ 3125 yuan/ton

North China region/ 3050 yuan/ton/ 3200 yuan/ton/ 3100 yuan/ton

Shandong region/ 3100 yuan/ton/ 3325 yuan/ton/ 3200 yuan/ton

Jiangsu region/ 3025 yuan/ton/ 3150 yuan/ton/ 3050 yuan/ton

Zhejiang region/ 3125 yuan/ton/ 3250 yuan/ton/ 3150 yuan/ton

The acetic acid market rose first and then fell in April. In the first half of the year, the price of acetic acid rose strongly, mainly due to the shutdown and concentrated load reduction of some domestic acetic acid plants, resulting in a significant decrease in the utilization rate of on-site production capacity. Acetic acid manufacturers had a strong intention to increase prices, while downstream restocking was active, and the market trading atmosphere was good. Under the situation of supply shortage, the price of acetic acid continued to rise; In late April, the price of acetic acid weakened and declined. With the recovery of on-site maintenance equipment, the utilization rate of acetic acid production capacity increased, the market supply increased, and the positive effects on suppliers disappeared. The downstream pre holiday stocking sentiment was weak, and considering the holiday high-speed restrictions or the impact on shipping progress, the manufacturer’s quotation was lowered. However, the actual trading atmosphere was light, and the price of acetic acid continued to decline.

The methanol market for raw materials fluctuates in a range. As of April 30th, the average price in the domestic market was 2651.67 yuan/ton, an overall increase of 1.08% compared to the price of 2623.33 yuan/ton on April 1st. In the first ten days, the concentrated spring inspection of methanol plants was average, with the main focus on maintaining high operating levels and weak market prices; In the middle of the month, there was not much contradiction in the fundamentals of methanol, and the production of domestic methanol plants remained at a high level. However, the inventory of sample enterprises in mainland China was relatively low, resulting in a slight increase in methanol prices; In the latter half of the month, the main downstream factories shut down due to insufficient demand support, resulting in poor enterprise shipments and a decrease in methanol prices. At the end of the month, downstream companies began stocking up before holidays, and production companies continued to destock. The domestic methanol market continued to rise and operate.

The downstream acetic anhydride market rose first and then fell in April. On April 30th, the quotation was 5625.00 yuan/ton, an increase of 2.51% from the beginning of the month’s price of 5487.50 yuan/ton. In mid to early April, the demand for acetic anhydride remained stable, with upstream acetic acid prices rising. The cost support for acetic anhydride was strong, and the price of acetic anhydride rose accordingly; In the latter half of the year, the price of acetic anhydride was adjusted downwards. Under the influence of the decline in upstream acetic acid, the acetic anhydride market was bearish and the price trend declined.

Analysts from Business Society believe that the current operating rate of acetic acid enterprises has returned to a relatively high level, with sufficient supply of goods from suppliers. Enterprises are actively stocking up before the holiday, and downstream stocking sentiment is average. Follow up on market entry is limited, and the market trading atmosphere is weak. Considering the impact of high-speed speed restrictions during the May Day holiday on enterprise shipments, it is expected that the price of acetic acid will be weak and fluctuate narrowly after the holiday. In the future, specific attention will be paid to downstream replenishment situation.

According to the Commodity Market Analysis System of Business Society, as of April 29th, the average price of epoxy propane for enterprises was 9212.50 yuan/ton, a decrease of 0.14% compared to the price on April 1st.

The price of epoxy propane fluctuated slightly in April. In the first half of the year, cost support was still acceptable, with some supply side devices operating in a fluctuating manner. There was slight differentiation between the North and South markets, with tight spot supply in the South market and temporarily controllable inventory pressure in the North market. Downstream observers followed with caution, resulting in a narrow range and weak consolidation in the market. In the middle of the month, there was some support on the cost side, and factory inventory was slightly under pressure. Downstream customers waited and waited, but procurement follow-up was insufficient, resulting in a price decline. After the decline, downstream follow-up increased, and prices rebounded. In the latter half of the year, factory shipments were average, with some inventory accumulation and weak market atmosphere. After the decline, factory shipments were still acceptable, and prices rebounded.

Upstream propylene: According to the commodity market analysis system of Business Society, the domestic propylene (Shandong) market fluctuated and fell in April. At the beginning of April, the market was average at 6848 yuan/ton. On April 28th, the average price was 6808 yuan/ton, with a monthly decline of 0.58%, which provided moderate support for the epoxy propane market.

The epoxy propane analyst from Business Society believes that the current raw material propylene price is weak, with average cost support and stable supply. Downstream buyers need to follow up, and it is expected that the epoxy propane market will be mainly wait-and-see in the short term. More attention should be paid to market news

guidance.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the market price of yellow phosphorus has remained stable this week, with an average price of 23060 yuan/ton.

2、 Market analysis

The market price of yellow phosphorus has remained stable this week. At present, the trading situation in the yellow phosphorus field is light, and as the May Day holiday approaches, manufacturers are mainly placing preliminary orders. We will not provide an external quotation for now, and will discuss the actual order in detail. Downstream procurement is relatively cautious, and negotiations for post holiday orders are being held at lower prices. Market demand is light before the holiday. As of now, the market price for yellow phosphorus is around 23500 yuan/ton, and the actual transaction is negotiable.

In terms of phosphate ore, the phosphate ore market has temporarily stabilized and operated steadily this week. The reference average price of 30% grade phosphate ore in China is around 1042 yuan/ton. The phosphorus ore data analyst from Business Society believes that the trading atmosphere in the phosphate ore field is currently quiet. It is expected that in the short term, the domestic phosphate ore market will mainly adjust and operate within a narrow range.

In terms of coke, the coke market in Shandong Port has been operating strongly this week. As of April 28th, the quasi first level outbound price of Shandong Port is around 2000-2050 yuan/ton, and the first level outbound price is 2100-2150 yuan/ton. The port market atmosphere is still good, and market demand is performing well. On the 28th, the freight cost from Shanxi to Rizhao Port remained stable at 190-195 yuan/ton today.

In terms of phosphoric acid, the market price of phosphoric acid has increased. The average price of domestic hot process phosphoric acid market on Monday was 6660 yuan/ton, and on Friday it was 6680 yuan/ton. The price increased by 0.3% during the week. According to the phosphoric acid analyst from Business Society, the market is supported by pre existing demand, and the phosphoric acid market is operating steadily and steadily.

3、 Future Market Forecast

The yellow phosphorus analyst from the Chemical Branch of Shengyishe believes that the pre holiday market demand is weak, and the trading in the yellow phosphorus market is slowing down. It is expected that the yellow phosphorus market will temporarily operate steadily in the short term, and actual transactions will be discussed on a single basis.

The recent slight rise in the epoxy propane market has weakened the stalemate. According to the Commodity Market Analysis System of Shengyishe, as of April 23, the average price of epoxy propane in the domestic market was referenced at 9145.00 yuan/ton, an increase of 0.08% compared to last Thursday (April 18).

Price influencing factors:

Cost side: According to the commodity market analysis system of Shengyishe, the reference price for propylene on April 23 was 6820.60, a decrease of 0.41% compared to April 1 (6848.60). In the recent stage, the price of raw material propylene has first increased and then decreased, and the price of raw material liquid chlorine has first decreased and then increased. The fluctuation of cost has a certain impact on the rise and fall of epoxy propane market prices, and downstream users are more concerned about the cost of epoxy propane.

Supply and demand side: Last Thursday, the supply side was mainly stable, with downstream follow-up still acceptable, and the focus of market negotiations slightly increased. After the rise, the trading atmosphere in the market slowed down, and downstream wait-and-see buying decreased. This week, the factory’s shipments were average, and downstream procurement mentality was cautious with limited follow-up. The supply side was slightly under pressure, and the market atmosphere was weak. The company’s quotation was lowered.

Future Market Forecast:

The epoxy propane analyst from Business Society believes that the current cost support still exists, and downstream wait-and-see follow-up has increased. The market transaction atmosphere is still good, and it is expected that the epoxy propane market may experience a narrow upward trend in the short term. More attention still needs to be paid to the downstream pre holiday stocking situation.

According to the Commodity Market Analysis System of Business Society, from April 1st to 22nd, 2024, the 1 # tin ingot market in East China continued to rise, with a market price of 224960 yuan/ton on the 1st and 281310 yuan/ton on the 22nd. The cumulative increase in April was 25.05%, with a single day increase of 6.31% on the 22nd.

The tin market has been rising for four consecutive weeks

K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the weekly K-bar chart of Business Society, it can be seen that the tin ingot market has been rising for four consecutive weeks since April.

Supply: Myanmar’s ban on mining combined with Indonesia’s extension of approval for tight tin supply

In terms of tin mining: Starting from August 2023, the Wa State of Myanmar suspended all mining activities of mineral resources. In April 24, the Wa State reiterated the ban on tin mining and showed a strong attitude towards it. The tin ore production in the Wa region accounts for about 95% of Myanmar’s national production, and Myanmar is the first source of tin ore imports in China. The reiteration of the Wa ban has once again raised concerns in the market about future tin ore supply.

In terms of refined tin: Starting from 2024, the validity period of mining licenses in Indonesia will be extended to three years to improve the efficiency of mining quota issuance and prolong the approval process of existing enterprises. As a result, the export volume of refined tin in Indonesia has significantly declined after entering 24 years, with an export volume of 0.4 tons in January 2024, a year-on-year decrease of 99%; The export volume in February was 55 tons, a year-on-year decrease of 53%. The main source of refined tin imports in China is Indonesia, accounting for about 70% of the total. The implementation of this policy has a significant impact on both domestic and international markets.

LME Tin Inventory

According to data released by the London Metal Exchange (LME), as of April 22, LME’s tin inventory was 4190 tons, a decrease of approximately 45.5% from the 7685 tons at the beginning of the year. Supported by continuous destocking of LME tin inventory for 24 years, Lunxi continued to rise in April.

Demand: Terminal demand improved in the first quarter

At present, the main application area of tin in China is the electronics industry. In the downstream consumption structure of refined tin metal, it mainly includes solder, tin chemical industry, tinplate, etc. Among them, the proportion of solder is as high as 48%, followed by tin chemical industry accounting for 16%, tinplate accounting for 12%, and the total proportion of the three is about 76%. ITA states that nearly 50% of the global demand for tin comes from the soldering of electronic circuit boards, so the development of the electronics industry, including the new energy industry, has a significant impact on tin. In downstream practical applications, tin has a relatively small overall proportion, so downstream has a strong acceptance of high prices, which is also a factor that enables tin prices to rise all the way.

The latest data released by the National Bureau of Statistics shows that in March alone, the production of integrated circuits in China increased by 28.4%, reaching a historic high of 36.2 billion units. In the later stage, as the country’s investment in new energy vehicles, photovoltaics, and big data fields increases, the demand for tin solder in the domestic market will also steadily increase, which is undoubtedly a favorable factor for the demand of the tin industry chain.

Future prospects:

Supply side tin raw material supply is expected to shrink. In the first quarter of 2024, the electronics industry recovered on the demand side, and industries such as photovoltaics and artificial intelligence developed well, greatly promoting the growth of tin terminal consumption. The continuous decline of LME tin inventory for 24 years has also provided support for the rise in tin prices. But with the recent market price increase, the overall spot market trading has been weak, and downstream enterprises are mostly adopting a wait-and-see attitude. Most enterprises only maintain a small amount of tin ingots for basic needs, resulting in cold spot market trading and insufficient downstream purchasing power. On the night of the 22nd, the non ferrous metal futures market both inside and outside fell, with London Tin falling 3.6% and Shanghai Tin falling 2.52% as a result. Previously, non-ferrous metals continued to rise, with most commodities generally reaching temporary highs and lacking further upward momentum. On the morning of the 23rd, Shanghai tin fell by more than 2%, and the spot tin market price on the 23rd will follow suit, which may drive some spot market inquiries. In the long run, LME tin inventory continues to decline, and there is still upward potential in overseas markets. In the near future, tin will continue to follow the fluctuations of the market and maintain a wide range of volatility. In the future, we will focus on the impact of macro news on the overall market.

Low level consolidation of plasticizer DOP prices this week

According to the Commodity Market Analysis System of Shengyishe, as of April 22, the DOP price was 9780 yuan/ton, which is a low consolidation compared to April 15′s DOP price of 9800 yuan/ton, a decrease of 0.20%; Compared to April 1st, the DOP price of 9890 yuan/ton decreased by 1.11%. This week, the price of isooctanol fluctuated and increased, the price of phthalic anhydride fluctuated and increased, and the cost of plasticizer DOP increased; Plasticizer enterprises are currently operating steadily, with sufficient supply of plasticizer DOP; Downstream enterprise maintenance has led to a decrease in demand for plasticizers, a decrease in demand for cost increases, and a consolidation of low prices for plasticizer DOP.

Isooctanol prices fluctuate and rise

According to the Commodity Market Analysis System of Business Society, as of April 22, the quotation for isooctanol was 9640 yuan/ton, an increase of 1.26% compared to the quotation of 9520 yuan/ton on April 15; Compared to April 1st, the price of isooctanol fluctuated and decreased by 4.17% to 10060 yuan/ton. This week, the price of isooctanol has fluctuated and risen, while the price of raw material propylene has fluctuated and risen. With cost support, the downward pressure on isooctanol has weakened, and the upward momentum has increased; Downstream customers still have purchasing enthusiasm, while iso octanol manufacturers are actively shipping. The positive support for iso octanol is significant.

The price of phthalic anhydride fluctuated and rose this week

According to the market analysis system for phthalic anhydride products by Business Society, as of April 22, the quoted price of phthalic anhydride was 7737.50 yuan/ton, an increase of 0.16% compared to the price of phthalic anhydride on April 15, which was 7725 yuan/ton; Compared to April 1st, the price of phthalic anhydride fluctuated and increased by 1.98% to 7587.50 yuan/ton. The price of crude oil continues to rise, the cost of phthalic anhydride has risen, the price of nefa phthalic anhydride has risen, and the support for the rise of ortho phthalic anhydride has increased. The supply and demand situation of phthalic anhydride is temporarily stable, and the price of phthalic anhydride will remain stable in the future.

Downstream enterprises have less than expected maintenance

This week, the capacity utilization rate of PVC production enterprises decreased month on month, but the maintenance of enterprises did not meet expectations, and the capacity utilization rate of enterprises increased year-on-year. The maintenance is mainly concentrated in mid April, and it is expected that the maintenance enterprises will gradually recover in the next week. The number of maintenance enterprises will decrease, and the expected output will increase, leading to an increase in demand for plasticizers.

Future expectations

Business Society plasticizer product data analysts believe that in terms of raw materials, the price of isooctanol fluctuates and rises, the price of phthalic anhydride fluctuates and rises, and the cost of plasticizer DOP increases; In terms of supply, the high starting point of plasticizer DOP is stable, and the supply of plasticizer DOP is sufficient; In terms of demand, PVC manufacturers have seen a decrease in production this week, and the expected resumption of production in the next week is expected. The demand for plasticizer DOP is expected to increase. In the future, the cost of plasticizer DOP has increased, demand has increased, and it is expected that DOP prices will fluctuate and rise in the future.

According to the commodity market analysis system of Shengyishe, the PP market has been experiencing significant stability and slight fluctuations recently, with prices of various wire drawing brands fluctuating. As of April 19th, the mainstream quoted price for T30S (wire drawing) by domestic producers and traders is around 7821.43 yuan/ton, up or down+0.74% from the beginning of the month.

Cause analysis

Industry chain: In terms of PP raw materials, the international crude oil market is still operating at a high level due to geopolitical tensions, which has a strong support effect on the cost side of oil to PP production. The simultaneous strengthening of methanol and propane prices provides strong support for PP, while the cost support for PP remains consistently strong.

Overall, the active use of raw materials has strengthened support for the cost side of PP. The industry load has rebounded narrowly, with an average load of around 75% in recent days. The early production line maintenance was relatively concentrated, and companies such as Shenhua Baotou and Donghua Ningbo have maintenance plans. The market supply has gradually decreased, and recently the inventory position of production enterprises has decreased, reducing market supply pressure. In terms of demand, the load of terminal enterprises is generally stable and small, with downstream PP enterprises such as plastic weaving, film materials, and injection molding having comprehensive operating rates of about 43%, 65%, and 57%, respectively. The replenishment operation of enterprises is mainly based on demand, and the trading atmosphere on the market is weak. The market for wire drawing materials is mainly focused on the cost side, and prices are narrow in consolidation.

In terms of fiber materials, according to the commodity market analysis system of Business Society, as of April 19th, the spot price of domestic fiber PP has also remained stable. The mainstream quoted price for domestic producers and traders of Z30S (fiber) is around 7675 yuan/ton, with an increase or decrease of+0.66% compared to the average price at the beginning of the month, and a decrease of 0.49% compared to the same period last year. Recently, the main downstream non-woven fabric enterprises of PP fiber materials have seen a narrow increase in load, with an average operating rate of around 30%. The trading volume in the non-woven fabric market is average, and orders are mainly based on contracts. The digestion speed of end products is average, and it is expected that the fiber material market will continue the current consolidation market.

In terms of melt blown materials, the market for melt blown PP has been stable and rising recently. As of April 19th, the average quotation of domestic melt blown material sample enterprises monitored by the Commodity Market Analysis System of Shengyishe is about 8037.50 yuan/ton. Compared with the average price level at the beginning of the month, the increase and decrease is+0.31%, with a year-on-year decrease of 4.03%. At present, the demand for facial protection in China is generally high, and the consumption of medical melt blown fabric materials is not significantly driven. In addition, the downstream factories have low load, and most of the new orders are scattered. Melt blown materials are more inclined to link with the cost side market, and it is expected that the melt blown material market will continue to maintain stability and consolidate the market.

Future Market Forecast

PP analysts from Business Society believe that the polypropylene market has remained stable with minor fluctuations this week. The overall trend of upstream raw materials is relatively strong, and the support from the cost side for the market is still acceptable. The supply of goods has been tightened, and the supply pressure has been partially alleviated. The production of terminal enterprises is stable, and stocking is necessary to maintain production. The on-site momentum is average. It is expected that the PP market will remain stagnant in the short term.