In terms of raw materials. The price of PP raw materials fell mainly this month, and the adjustment range was USD10-85/ton. The polypropylene market rose briefly and then fell back. The recovery logic of market transaction demand was supported by high transaction costs. After the Dragon Boat Festival, affected by the meeting on steady growth to promote the consumption economy, the disk has seen a relatively large rise for several days, which supports the strong spot trend to a certain extent. However, the demand fell short of expectations. At the same time, the Fed raised interest rates and had certain concerns about inflation recession. The commodity trading atmosphere weakened and the price lacked a strong drive, resulting in a marked weakening of the fundamentals. Prices fell rapidly in the middle and late months of the month. Due to the large price drop, some factories were stimulated to replenish their inventories in stages and accompanied by a small amount of speculative demand. In the context of increasingly severe global inflation and a gloomy economic growth outlook, market confidence is difficult to recover, and prices have risen and then fell.
From the perspective of PP non-woven fabrics: this month, the quotation of PP spunbond non-woven fabrics is mainly down. As of August 30, the mainstream quotation of PP spunbond non-woven fabrics in the market is USD1690/ton, which is USD80/ton lower than the previous month. The quotation of SMS non-woven fabrics is around USD1840/ton. July-September is the traditional off-season of the industry. The new orders of enterprises started to be weak in the second week of July. Some enterprises stopped production last week. 5%, down 10% year-on-year. July is expected to extend this month’s low demand.
From the perspective of the operating rate, as of August 30, the operating rate of PP non-woven enterprises reached 47%, which was the same as last week and -10% compared with last year. The order situation in the past two weeks has declined significantly, and the enterprises have started work intermittently. around 4.89 days
On the whole, the polypropylene raw material end is generally supported this month. PP non-woven fabrics are affected by the decline in downstream orders and the low operating rate of enterprises. The bargaining power of enterprises has declined. Continue to maintain low operating rates.
We recommend PP spunbond non-woven fabric manufacturers with 18 years of export experience:
By Jacky Chen
Post time: Sep-16-2022
