PP meltblown fabric chaos is about to end, the fiber material heat or cool

Ups and downs

This sudden market is mainly driven by the fierce increase in fiber materials. The demand for masks and protection has exploded, and the price of medical materials and raw materials represented by PP has risen sharply. In addition, Sinopec and CNPC's large increase in factory prices has also provided sufficient confidence for spot market price increases.

However, after the madness, it will eventually return to calm. On the one hand, because the rally is too large and the increase is too large, and the atmosphere of the speculation in the venue is too strong, it will inevitably cause traders to be cautious. On the other hand, in the early stage, many petrochemical companies focused on fiber conversion, which will inevitably lead to an oversupply of resources in the future market, which makes it difficult to maintain the high spot price situation.

Influencing factors

1. International crude oil fell for the first time

Affected by factors such as the severe oversupply in the US oil market, the expiry of contracts and Texas' decision to reduce production, New York oil prices rarely fell to a negative value on April 20, falling by more than 300%. The crude oil market has encountered this unprecedented impact, and the key to when to recover depends on when demand will recover.

2. Petrochemical companies have lowered expectations

Petrochemical twins played a key role in the last round of ups and downs, so for the later spot market, the guiding significance can not be ignored. On the market level, quotations have experienced a rapid fall after surging, and some resources have now been upside down. Therefore, petrochemical companies still have the expectation of downward adjustments, and the cost support will continue to weaken later.

3. Raw materials for medical supplies or cooling

Since the outbreak, the demand for plastic products related to medical supplies has been hot, while other industries have remained relatively flat. However, as the related themes such as "masks, protective clothing" cool down, the pattern of terminal demand becoming weaker in the later period will gradually emerge.

Fourth and second quarter inspection season arrives as scheduled

The maintenance season for the second quarter is on schedule, partly due to the petrochemical repair and maintenance plan, and partly due to the impact of the epidemic.

According to the information currently available, Shenhua Yulin stopped for maintenance on the evening of April 6 and planned to stop for 55 days; the new and old installations of the Yan'an refinery were shut down for maintenance from April 2 to mid-May; Yanshan Petrochemical gathered for overhaul from the 13th The specific driving time is to be determined; Zhongjing Petrochemical Phase I and Phase II will stop on April 12, and the driving time is to be determined.

At present, the global epidemic situation has not been effectively controlled, and the hype atmosphere of medical raw materials may continue. However, other plastic raw materials are quite injured. On the one hand, they are forced to stop because of the squeeze of profits.