1. Closing price of the previous mainstream market
| category | North China | East China | South China |
| Brushed grade | 7080—7280 | 7180—7300 | 7220—7400 |
| Homopolymer injection molding grade | 7150—7400 | 7200—7350 | 7310—7420 |
| Low Melt Copolymer | 7270—7420 | 7300—7600 | 7450—7650 |
| Low melting fiber material | 7260—7430 | 7320—7400 | 7300—7460 |
| Thin wall injection molding | 7290—7430 | 7420—7600 | 7420—7600 |
The domestic PP market was weak in the previous trading day, and the price center of gravity in some markets fell by 5-40 yuan/ton compared with the previous trading day. The weak performance of PP futures during the day dragged down the sentiment of the spot market. In addition, some manufacturers lowered their factory prices, and the support on the supply cost side was loosened.
2. Key factors affecting the price changes in this period
Supply: Recently, PP units have been overhauled, and the inventory of major production enterprises has been gradually reduced. Under the condition that the structural supply in the local market is not loose, the price is supported.
Demand: The rigid demand for raw materials of downstream factories still exists, but the finished product inventory is high and the profit level is difficult to improve significantly, which inhibits their willingness to purchase spot goods. The batch transaction is relatively limited, and it is difficult for the demand side to form an effective support for PP prices.
Mentality: The overnight rise in crude oil and the upward trend of PP futures in the night market provide some support to the mentality of the spot market.