A brief introduction to the spot PP market of Chin

2022-08-16
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On June 24, 2009, a brief introduction to the spot PP market of China Plastics Co., Ltd.

China Plastics price index was reported at 942.14 points, up 2.95 points. The China Plastics spot index rose 0.26 points to 999.85 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose $1.74/barrel to $69.24/barrel. Brent crude oil rose by $1.82/barrel to 6, which is easy for the difficult; Not $8.8/barrel

Europe propylene FD northwest Europe reported EUR/ton, unchanged from the previous trading day. Far east propylene monomer FOB South Korea reported USD/ton, up 8.5 USD/ton from the previous trading day

II. Manufacturer dynamics:

Hunan Changsheng PP plant produces film material T38F. The manufacturer doesn't have much inventory, and the sales are OK

film material produced by Wuhan Fenghuang PP plant. The listing price is stable today: the drawing T30S is 9700 yuan/ton, and the membrane T36F is 9750 yuan/ton. The manufacturer has a little more inventory, which is normal

the new PP unit of Lanzhou Petrochemical stopped for maintenance on May 27, and it is planned to start on June 26. The old unit normally produces F401

Jingmen Petrochemical PP plant produces film materials. The listing price is stable today: the drawing T30S is 9700 yuan/ton, and the membrane T36F is 9750 yuan/ton. The manufacturer's inventory is normal and sales are average

III. warehouse receipt dynamics:

at 10:30 today, the China Plastics PP warehouse receipt index closed at 1036.09 points, up 7.01 points. Don't move anything. PP's main warehouse receipts opened slightly higher, showing a narrow upward trend, with small fluctuations, and the trading volume increased compared with the same period yesterday. The latest price of pp0908 is 9255 yuan/ton, up 71 yuan/ton, and the price range is yuan/ton

IV. local market conditions:

the listing price of the main brand of China Plastics spot Mall () PP rose and fell compared with the same period yesterday. 2. The reason for the instability of the rate is that the pressure instability caused the PP/45/Shijiazhuang Xinji newspaper 9100 yuan/ton, down 50 yuan/ton; Pp/k4912/Shanghai Secco reported 10600 yuan/ton, down 30 yuan/ton; Pp/ep332c/Korea Dalin newspaper 12300, up 1550 yuan/ton; Pp/s1004/Yangzi Petrochemical reported 9650 yuan/ton, down 30 yuan/ton; Pp/t30s/Shaoxing Sanyuan reported 9650 yuan/ton, up 20 yuan/ton

there are not many sources of goods in Hangzhou PP market, the trading atmosphere is cold, the market quotation declines, and the merchants' enthusiasm for shipping increases. Some merchants' quotations are on the high side, but high-level transactions are difficult, and the actual transaction price can be negotiated. Domestic T30S mainstream reported PA610 and PA1010 polymer products increased by $0.5 per kilogram at yuan/ton, while low melt copolymerization mainstream reported yuan/ton, with little downstream demand

Shunde PP market continued to weaken today, with some quotations declining slightly, and the trading atmosphere was cold. The enthusiasm of market shipment has increased, and the market mentality is mainly wait-and-see, and businesses expect a slight decline in the future. Downstream factories have light inquiries and few transactions

the PP market around the Central Plains continues to be weak. The impact of the rise in crude oil on the market is not great, and businesses continue to ship mainly. In the morning, part of the offer fell, and the transaction situation was bleak. In terms of quotation: the price of Zhongyuan Petrochemical T30S including tax is about yuan/ton, and the price excluding tax is about 8850 yuan/ton, which is for reference only

the PP market quotation of Qilu Chemical City has weakened, and the enthusiasm for shipment has increased. The demand is less, and the business mentality is mainly wait-and-see. There is room to talk about the market transaction price, but there is little room to talk about, and the downstream demand is poor

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