July 8, 2026. Since the start of July, both international crude oil prices and PP futures have moved downward, providing limited support to spot markets. Polypropylene prices have trended weakly lower, significantly weighing on the plastic woven bag industry.
According to Longzhong Analytics, the seasonal slack season for plastic woven bags is becoming evident in July, with obvious off-peak atmosphere in terminal industries. Some woven bag enterprises have entered holiday mode, operating rates declining, and competitive pressures intensifying. Meanwhile, the weakening of PP plant maintenance has increased supply availability, while downstream factory digestion capacity remains limited, creating a notable bearish sentiment among traders.
On the cost side, crude oil has been trading in a narrow range, providing unstable cost support. PP futures have continued to weaken, significantly suppressing market sentiment. Some petrochemical plants have lowered ex-factory prices, further eroding cost support.
Despite near-term weakness, industry outlook for post-August is not pessimistic. As high-temperature weather gradually subsides, terminal order volumes are expected to warm slightly, with plant operating rates having room to improve, supporting a more positive market outlook.
