Last week, the downstream polypropylene industry overall operating rate of 66.3%

Last week, the downstream polypropylene industry overall operating rate of 66.3%. Among them, Subian industry operating rate was 68%, CO injection molding industry operating rate was 67%, BOPP industry operating rate of 64%. The high price of raw materials, increased costs, reduced profits, and terminal delivery, resulting in plastic industry operating rate decreased slightly over the previous week. Overall, polypropylene industry downstream operating rate still.

Finally, the petrochemical manufacturers inventory low, delivery pressure

At the same time, taking into account the upstream raw material crude oil price upside expectations, PP 1701 contract rebound may exist, you can try more than a single intervention in the vicinity of the 20 day moving average, a target to 9000 yuan / ton.