Variable treasure network
Bianbao. com-B2B trading platform for recycling and sales of waste materials
In the first quarter of 2022, the domestic PP market price kept rising, among which the market was relatively stable in June at 5438+ 10. After the Spring Festival in February, the prices of the two cities rose rapidly, and fell back in early March. In terms of spot price, by comparing the highest and lowest points, the price rose by 750- 1600 yuan/ton, with an increase of 8.57%- 17.23%. The highest point of futures is February 95 1 13.
The main reasons for the increase in spot prices are: 1, coal speculation, Indonesia's suspension of thermal coal exports after New Year's Day, and polypropylene PP began to rise slightly. 2. Crude oil prices are rising, and the outbreak of the Russian-Ukrainian war has led to an increase in crude oil prices. The cost of polypropylene PP is fully supported, and the prices of the two cities are pushed up together. 3. After the Spring Festival, downstream enterprises gradually recovered, demand increased, and social stocks began to be destocked. All the above are positive factors, but there are many contradictions in the fundamentals of the polypropylene PP market itself. 1 and downstream demand have resistance to excessive spot prices, which inhibits enterprises from replenishing stocks before and after the Spring Festival, and market transactions stagnate before and after the Spring Festival. 2. In view of the sales pressure of traders, when the spot market performed poorly in June 5438+ 10, the hedging efforts of traders increased, which led to the suppression of the futures market and further weakened the response of the spot market to futures prices. 3. Under the influence of political and geographical factors, the price of crude oil is constantly pushed up. Although domestic coal control began to be strict at the beginning of the year, domestic commodities still rose as a whole due to external sentiment. Therefore, the cost pressure of polypropylene production enterprises is obvious, and the production profit in some periods in the first quarter is in deficit. 4. After entering March, the domestic epidemic broke out at many points, and the blockade in some areas once again caused demand concerns, and the transportation problem continued to plague. Therefore, the prices of the two cities began to weaken gradually in early March. After the Spring Festival, spot prices ended in decline. On the whole, domestic polypropylene prices maintained the trend of rising first and then falling in the first quarter, and the influencing factors were obvious.
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