Strong cost

Judging from the cash flow of each process, using the homo PP raffia price as the basis for calculation, the cash flows are basically still in a state of loss. Among them, the cash flow imported propylene and PDH are relatively good, and they can basically achieve breakeven at present; while the cash flow of coal-based PP has once again become the bottom of all production processes due to the sharp rise in coal prices in the second half of May.

To put it simply, the support from PP cost side has been in existence since the beginning of 2022, and it is relatively strong. Under normal circumstances, the cost support will continue to exist in the future