Current location - Trademark Inquiry Complete Network - Futures platform - Does the sharp drop in US crude oil outside the futures market have an impact on pp?
Does the sharp drop in US crude oil outside the futures market have an impact on pp?
It will affect PP in the long term, but not in the short term. Factors of price fluctuation of polypropylene chemical futures;

1 is oil, because it is influenced by raw materials (oil). When the oil price rises, it will rise, and when the oil price falls, it will fall.

2. Exchange rate also has an impact on supply and demand, production capacity and international trade. PP film is made of different fields, different uses, different processing methods and different raw materials, and the price difference will be great, so it is impossible to make a general comparison.