PP
Soaring Oil Prices and Macroeconomic Boost Drive Plastic Market Gains Post-Holiday
October 09, 2024, The international oil market witnessed a robust surge post the National Day holiday, driven by escalating tensions in the Middle East. On the 7th, concerns over the intensifying conflict in the region propelled oil prices significantly higher, with both WTI and Brent crude closing up over 3%. Specifically, WTI settled at 77.14perbarrel,markinga3.7180.93…
CNCEC Subsidiaries Secure Major EPCC Contract for 300,000-ton PDH/PP Project in Vietnam
September 27, 2024 – A significant milestone has been achieved in the chemical industry as Hualu Company, a subsidiary of China National Chemical Engineering Corporation (CNCEC), along with its sixth engineering division, has formally inked an EPCC (Engineering, Procurement, Construction, and Commissioning) contract with Vietnam’s Phu My Plastic Co., Ltd. (PMP) for a 300,000-ton Propane…
PP Market Outlook: Short-Term Volatility Amid Inventory Pressures and Cost Support
September 25, 2024 – The PP (Polypropylene) market has recently exhibited a short-term volatile adjustment pattern, with production enterprises grappling with inventory backlogs amidst a relatively abundant market supply. Although traders have adopted proactive strategies, offering concessions to facilitate shipments, terminal demand has not shown significant fluctuations. The momentum for replenishment remains weak, and demand…
September 10, 2024 – PP Market Oscillates Weakly Amid Cost Pressures and Supply-Demand Stalemate
September 10, 2024 – The PP (polypropylene) market continues to exhibit a weak and oscillating trend, lacking favorable drivers due to the weak cost side and a stalemate in supply and demand dynamics. Under cost pressures, numerous manufacturers have had to reduce their ex-factory prices, with no signs of recovery on the horizon. Internationally, the…
Subtle Shifts in PP/PE Market Amid Falling Oil Prices
August 29, 2024 – The recent notable decline in international oil prices has exerted a subtle influence on the PP/PE market. As external positive news weakens, the PP/PE market trend exhibits a generally stable yet slightly volatile pattern. In the face of obstacles posed by high-price transactions, merchants generally adopt a cautious price-supporting strategy while…