International oil price continued to hike and surpassed US $83 per barrel by mid-September. Propylene (PP) spot market was not influenced by rising oil price, but even witnessed downtrend in some local regions. The central price of PP drawing material market waved near 12,050 yuan per ton, with limited ups and downs.
Polypropylene market was influenced by the calmness of PP market. Regarding polypropylene filament, domestic operating share of filament manufacturers steadily recovered in September. Polypropylene market generally went well at the beginning of the month with price in some parts up 100 yuan per ton.
Procurement from downstream factories was relatively positive, filament manufacturers were more optimistic about sales. After the mid-September, PP market showed little reaction to oil price, procurement interest from downstream factories dissipated, filament price also returned to normal level.
As to polypropylene staple fiber, most PSF manufacturers were difficult to survive, as downstream demand remained weak.
Most people in polypropylene industry have higher expectation for polypropylene market in October, as in previous years, downstream industries of PP will enter production season in mid and late October.
Fibre2fashion, News Desk - China
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
