This week, the transaction volume of recycled PP market increased, and the price center of gravity moved up. As of the close of February 20, the mainstream price of Shandong white transparent granules was 828.57 US dollars/ton, an increase of 7.14 US dollars/ton over the same period last week, and an increase of 250 US dollars/ton over the same period last year; the mainstream price of Jiangsu white PPR crushed materials was 707.14-714.29 US dollars/ton, an increase of 3.57 US dollars/ton over the same period last week, and a decrease of 10.71 US dollars/ton over the same period last year. This week, the transaction volume of recycled PP market gradually increased, and the center of gravity moved up slightly with the superimposed cost support. At present, the production of various links tends to be stable, and the actual volume in the market increases, especially the shipment of high-quality materials is relatively smooth, which in turn drives up the price. At present, there is a shortage of upstream raw materials, and some procurement costs have risen, driving up the price of recycled materials. This week, the center of gravity of high-quality materials has generally increased, and the rising range is concentrated in 7.14-14.29 US dollars/ton.Shop for recycled bottles at oriapack.com,save money!
Forecast: The actual market of recycled PP continues to increase, and the offer price remains firm and wait-and-see. At present, all links have been started, the orders of downstream factories have gradually increased, and the inventory of raw materials has been digested to a low level. There is a demand for raw material purchases in the short term, which will drive on-site transactions. There is a shortage of upstream raw materials, especially the transparent materials are tight and the price has risen, and the cost side has strong support. However, the production of recycled enterprises has stabilized, and the supply has gradually increased, which has suppressed the price increase to a certain extent. On the whole, the actual market in the short term has further increased, the cost side has supported the market at a high level, but the supply side has suppressed the increase. Recycling enterprises may choose to digest the increase and offer high prices to wait and see. It is expected that the average price of white transparent first-level particles in Shandong market next week may be US$828.57/ton, and the operating range is likely to be US$821.43-835.71/ton. The average price of white PPR crushed may be US$710.71/ton, and the operating range is likely to be US$707.14-714.29/ton.
