The PP raw material price is at low area now, especially compare to the international crude oil price.

As we know, the international crude oil price is very high since Russian-Ukrainian War, but the demands of PP products are quiet low because almost all the countries are facing the pressure of inflation

The situation maybe changed in August/September, as PP product demands might go up then according to our experience and PP raw material price shouldn’t be always low since oil price is high.

Anyway, this year is really tough, hope world will be peace in the future!

Qingdao Fengrun New Composite Materials MFG. Co., Ltd.

July 23th, 2022