SunSirs: China PP Daily Review on November 24

　　According to the data monitored by SunSirs, the PP market was stable on November 24, and the spot prices of various brands fluctuated and adjusted yesterday. According to the price of SunSirs, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders is about 8,310 RMB/ ton. In terms of raw propylene, the enterprise is willing to support the price, but the downstream gas purchase is insufficient. Crude oil prices picked up today, and propylene’s short-term market stopped falling and rebounded. The cost side of PP is generally supported. At present, the supply of PP is relatively sufficient. Polymerization plants and businesses generally go to the warehouse, and the downstream purchase follow-up is not timely. It is expected that China PP market will be difficult to rise sharply in the short-term future.