Due to the special impact of the epidemic situation, the demand for non-woven fabric increased significantly in 2020, which led to the stronger price of fiber. The price difference between the two countries changed from the price difference of drawing material to 18 and 19 years. In the past 20 years, the price difference between them has been significantly expanded. In the post epidemic era, the expansion of the non-woven industry will no longer be carried out. In addition, some enterprises quit the industry, and the demand volume is slightly reduced compared with that of 20 years, and the order of downstream enterprises is flat, Therefore, the trend of fiber is weak.
According to the tracking trend chart of the starting rate of the downstream non-woven fabric industry of Longzhong information, the non-woven industry commencement rate has a small downward trend from February to March this year. As of March 26, the starting rate of the PP Nonwoven Industry was 60%, which was stable in the previous week. Because of the weak performance of the nonwoven industry, the main upstream raw material, PP fiber, is more vulnerable to the operation of PP fiber material under the condition of weak fluctuation of the overall trend of PP, and is more vulnerable than PP drawing, PP low melt copolymerization and other varieties.
In the future market, as of March 31, there were 85000 tons of two oil plastic warehouses, down 1.83% on a year-on-year basis, 31.49% lower than the same period last year. The storage speed of this month was slow but the upstream inventory pressure was not large; from the perspective of new production, the original start-up of the polypropylene plant of Hengchang Chemical Industry of Dongming Petrochemical Co., Ltd. was successful once in the first time, increasing the pressure from the supply side; in terms of inspection and repair In view of the situation, polypropylene will gradually enter the peak maintenance season in the second and third quarters, but when it comes to the conclusion, the impact of maintenance on the market is limited. From the demand side, the downstream factories have general orders, new orders are weak and raw material replenishment demand is not high. From the aspect of import and export, the export window is closed gradually, which reduces the market boost. In summary, the domestic PP market has been in a weak position in recent years, and the market lacks clear unilateral guidance information. It is expected that the PP market will still be dominated by shocks in April.