PP Raffia Production Ratio on a Medium-to-High Level
Supply data, as the basic data of fundamentals, played a prominent role in judging market trend. Therein, there is hysteresis quality in the output data, so it is difficult to judge market trend timely based on output data. Comparatively, the production ratio has a certain forward-looking nature, which makes the prediction on supply data clearer, further facilitating the judgment of market trend.
As seen from the above charts, the production ratios of PP raffia have reached a medium-to-high level since H2 May, which lingered around 33% in recent days.
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