South ChinaThe PP price index is 7619.31 points, a decrease of 10.94 points compared to last week, with a decline rate of 0.14%. Among them, the drawing丝remains unchanged, fiber decreases by 10, copolymer decreases by 10, thin-wall decreases by 20, and homopolymer increases by 10.
South ChinaThe PE price index stands at 8,332.99 points, down 8.00 points from last week, with a decrease of 0.10%. Among them, the linear remains unchanged, the low pressure rises by 10, and the high pressure falls by 10.
With a lack of fundamental guidance, polyolefins spot prices fluctuate narrowly within the bottom range.
The futures market still has low expectations for domestic policies, but attention has increased regarding Trump's tariffs and China's potential countermeasures.April 2 is the time window when Trump is set to implement reciprocal tariffs, but the market is worried that China may take countermeasures, such as increasing tariffs on polyethylene and propane imported from the United States. Although there is currently no official news regarding this, the futures market has already reacted.
The spot market remains stable with fluctuations, mainly because the fundamentals are still lacking. Recently, oil prices have risen, and futures have slightly strengthened, but supply and demand pressures remain significant, limiting spot price fluctuations. On the supply side, production pressure continues, while on the demand side, demand for agricultural films is shifting from peak to slack, and other downstream sectors are also at low levels compared to the same period in previous years.
Looking ahead to the market, the spot prices of polyolefins are expected to continue to fluctuate within a narrow range. It is anticipated that next week in South China...PP price index 7500-7700, PE price index 8300-8450.
