Shanghai Daoqin Plastics Co., Ltd.

一, year output/production volume growth 变化情况 

2019 year, inner PP output/production volume high 位. through above output/production volume comparison data can 看出, 2019 year large more output/production volume 同2018 year versus ratio, 都出现 different degree growth, in 9.65%. 2019 year most high output/production volume in 12 month 份, 12 month inner PP粒总 output/production volume 194.73 10,000 tons, year-on-year year （162.36 10,000 tons ） increase 32.37 10,000 tons, 涨幅19.44%. 2019 year inner PP new start production plant/unit increase, supply 方面充足, 进而国 inner market various product 均出现 different degree pressure.   

二, 两油库存 and wire drawing comparison  

from 两油库存图 in difficult 看出, most high in 19 year false 期回归之 rear, rear 一直处于 drop stage/phase, 2019 year year 初, 两油库存涨至100 10,000 tons above, 几乎创 lower year new high. currently 两油库存 in 50 10,000 tons 附近, belongs to in and other low water 平, 但经 节 day rear, will has obvious rise, 不 考虑 to currently lower more 数无批 amount 备货, 待2 month overall demand rear 库存情况 will formed is market 关注 焦点.   

三, rear 期走势 

春节 gas 氛逐渐 concentrated thick, lower factory false increase more, raw materials procurement force degree 放缓, market 交投逐渐停滞, separation in stock has 价无市. currently 两油库存不 more, 但经 节 rear 库存 累计, rear still 以悲观 is 主. expected 近期PP market is 主, market gas will more add cold 清, more add dilute less.