Polypropylene (PP): Geopolitical News Stabilizes, Market Focus Narrows in Volatility Range

  April 14 report, since the beginning of April, the polypropylene market has shown a narrow fluctuation trend. Except for April 7-8, when the market experienced a wide upward movement followed by a sharp decline due to geopolitical news, the fluctuation range has significantly narrowed in other periods, with prices often remaining stable. On April 10, the price of LSR in East China was 9175 yuan/ton, an increase of 1.66% from the beginning of the month. The temporary ceasefire between the US and Iran and the start of negotiations have made geopolitical news gradually stabilize, and the impact on the spot market has weakened. The market's influencing factors have gradually returned to the fundamentals. From the supply and demand perspective, the shutdown of polypropylene production facilities remains frequent, and the tight supply of raw materials has not changed, with the tightened supply still providing strong support for the spot market. However, the weak profitability of downstream sectors and insufficient new orders have led to weak demand for essential purchases, providing limited support to the polypropylene market. In the short term, it is expected that the polypropylene market will remain stable at a high level, with limited significant changes in the market.