The price of plastic products such as polypropylene has been reduced by 15%.

[crude oil slump, chemical products reduced prices of polypropylene and other plastic products by 15%]-crude oil prices have fluctuated sharply recently, and Brent crude oil futures prices have plummeted by more than 10% during the May Day holiday. In this context, the price of domestic chemicals lost cost support, and also went down. The reporter visited a number of chemical enterprises in the Yangtze River Delta region and learned that the current domestic chemical market is not prosperous in peak season, and the trading volume and prices have dropped significantly compared with last year. The person in charge of the chemical products project of a trading enterprise in Hangzhou, Zhejiang told reporters that the prices of polyethylene, polypropylene and other plastic products fell rapidly as soon as the May Day holiday was over. The second quarter used to be the traditional peak season of the plastic market, but this year downstream customers are not active in taking goods, and the transaction price has fallen by about 15% compared with the same period last year. (CCTV Finance)