Polypropylene market welcomes price hikes, profits from coal-made polypropylene increase significantly.

On March 12, reporters learned from the industrial chain that today, including Baofeng Energy, Donghua Energy, as well as several refining and chemical enterprises under China Petroleum and China Petrochemical, collectively raised the prices of polypropylene. Among them, various PP products under Baofeng Energy have been raised for 2 consecutive days, with a cumulative price increase of about 600 yuan/ton. "The international oil price surged significantly due to geopolitical conflicts, providing strong support for the cost of PP. Moreover, it is currently the resumption period for downstream enterprises, and the spring season demand for PP is gradually increasing, leading to a strong bullish sentiment in the market," industry insiders explained. "The production process of PP's raw materials is different, and compared to crude oil, the profit of coal-based PP has increased significantly as PP prices rise due to the relatively stable coal prices."