Polypropylene (PP) as an important raw material in the plastics industry, its price fluctuation has been concerned by the market. However, recent polypropylene prices have not risen as expected, and the reasons behind this are worth exploring in depth.

Polypropylene, a polymer of propylene by addition polymerization reaction, is a thermoplastic synthetic resin with excellent properties. It is a colorless semi-transparent thermoplastic lightweight general purpose plastic.

Since the 1980s, PET as an engineering plastic has made breakthrough progress, and continued to develop nucleating agents and crystallization promoters, PET and PBT together as thermoplastic polyester, become one of the five major engineering plastics (PA PC POM PBT PPO).

PET plastic is the abbreviation for Polyethylene terephthalate in English, abbreviated as PET. As a small variety in the plastic classification, what are its properties? What are the application areas?

Recently, the Federal Reserve announced a 50 basis point reduction in the target range for the federal funds rate, to a level between 4.75% and 5.00%. This is also the first time in four years that the Federal Reserve has lowered interest rates. This marks the official shift of the United States from the tightest interest rate hike cycle in 40 years since 2022 to a rate cut cycle.

The rapid development of technologies such as 5G communication, the Internet of Things, artificial intelligence (AI), low altitude economy, 3D printing, and the rise of intelligent living and new energy vehicles will constantly increase the market's requirements for material performance, which will promote the innovation and development of the modified plastics industry.