Polypropylene Development Status

In the mid-1990s, PP had a superior return on investment compared to other commercial thermoplastics. Manufacturers continue to increase production capacity, and even the growth rate of production capacity exceeds the growth of demand. As a result, the operating rate of global PP plants has dropped from 96 years to 80% this year. It is estimated that by 2005, it will be able to return to 90%. In addition, PP production in the Far East will increase significantly. From this year onwards, Middle Eastern countries will gradually eat away European traditions and export markets. Western European export market. Western Europe will be converted from a net export of 500,000 tons/year into a net import area. This year, Asia's exports to Europe have seen an increase in PP.
In 1999, PP prices increased by 50-60%, and they will continue to grow strongly. The price of injection molding system grade PP has been increasing every day, from the first kilogram of 0.90-1.00 marks in 1999 to 1.60-1.65 horses per kilogram in January 2000, especially in the second half of 1999 due to the shortage of propylene alcohol. This made PP appear to be higher than the supplier's price. However, this did not compensate PP's marginal marginal profit. The price of propylene glycol was also raised. In the first half of 1999, the highest salvage rate was seen. It is expected that the growth rate will drop to 7% this year. Among them, the field will maintain the strongest growth, and the film's fiber growth will be below average. Last year, the packaging of PP materials performed well. The growth rate was about 8-9%, and this year it dropped to 6-7%.
As a commercial and polymer, polypropylene is the most versatile, has the lowest cost of the original product, and continues to grow in applications. In addition, metallocene technology provides a wider range of applications for poly-applications. It is expected that the period from 2000 to 2003 PP increased by 65%. So the outlook for PP is bright.