It is understood that from November 19 to 23, the price of China's domestic PP market continued to fall, and the market turnover was sluggish.

First, the dynamic device manufacturers dynamic: At present, petrochemical manufacturers have few maintenance plans, Tianjin Dagang, Datang International Toronto device is still overhaul, most manufacturers normal shipments, making the current venue supply is only affected by the scheduling, the supply is relatively adequate.

Price dynamics: The petrochemical policy has been reduced in rotation, and the drop in individual regions has reached 400-500 yuan/ton. Due to the negative drag on downstream purchases, it is expected that the petrochemical policy will still have a slight downward adjustment in next week.

Second, the market trend This week the domestic PP market prices continued to fall. The petrochemical manufacturers took turns to lower their factory prices, and most manufacturers lowered their prices by 300-400 yuan/ton. First, the long-term storage of petrochemicals is difficult, and the overall inventory is high. Second, businesses have long been difficult to sell, and there are many who are upside down in order to accomplish their tasks. On the demand side, end-user orders are scarce and profit margins are meager. It is reported that end-user producers will maintain operating rates at 4 to 50% on a per-prototype basis, while current-sales and off-the-shelf buyers have a significant inventory backlog, market transactions are sluggish, and enthusiasm for speculation is low.

Third, the market outlook for supply and demand forecast, the petrochemical maintenance device is small, the operating rate is high, the pressure on the stock increased sharply, does not rule out the decline in inventory and continue to lower the ex-factory price, in addition, the lower operating rate is lower, the ability to accept the goods in general, the market downturn The situation will still be maintained. Business analyst Xue Jinlei believes that there will still be room for downward adjustment next week, but market participants should be cautious and pay more attention to petrochemical policies.