A brief introduction to the spot PP market of sino

2022-08-17
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On September 25, China Plastics spot PP market brief

China Plastics price index fell 1.78 points to 1225.45 points, and China Plastics spot index fell 0.90 points to 1266.59 points

I. upstream express:

the market spread the news that OPEC may reduce production in September. The inventory of crude oil and refined oil in the United States fell, and the oil market was boosted. The crude oil futures in Europe and the United States rose sharply during the session, and the crude oil futures in New York exceeded $109 during the session. However, the US $700billion rescue plan was inconclusive, and the market was taking profits while waiting for the news. At the close, crude oil futures on both sides of the Atlantic fell. At the close of Wednesday, if there are special circumstances, please press the "pause" key to stop the machine. After the fault is eliminated, press the "start" key again to resume the machine When Newtown manually measured the total extension rate (AG,) of Dali FM, the November futures of West Texas light oil on the commodity futures exchange was about $105.73 a barrel, down $0.88 from the previous trading day, with a trading range of 104 US $50; November Brent crude oil futures on the London Intercontinental Exchange were $102.45 a barrel, down $0.63 from the previous trading day, with a trading range of 101 Environmental performance $105.94

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant Yiju stopped for minor repair on September 18, and the start-up time is to be determined; Dimer production pipe material ppr4220; Trimer k7726

the T30S produced by Tianjin United PP plant is scheduled to be overhauled for about 20 days on September 28. The latest listing price: T30S is 11600 yuan/ton, and copolymer EPS30R is 12600 yuan/ton. PP has a large inventory and average sales

Maoming Petrochemical line 1 polypropylene production T30S, line 2 polypropylene system circulation, ready to start

T30S is produced by PP unit of Daqing Petrochemical. Today, the listing sales will continue: the latest wire drawing T30S in the province is 11800 yuan/ton; T38F is 11900 yuan/ton

III. local market conditions:

the market atmosphere of PP in China plastic city is light, and the quotation is stable and tends to fall. At present, traders are unstable. Most of them ship goods according to the market, while downstream manufacturers continue to wait and see, and a small number of goods are received. The actual transaction is not ideal. The latest mainstream quotation of domestic wire drawing/injection plastic is yuan/ton, the mainstream quotation of domestic copolymer is yuan/ton, the mainstream quotation of imported copolymer is yuan/ton, and the mainstream quotation of monofilament powder is 12300 yuan/ton

the situation of Linyi PP has weakened, the market supply has increased excessively, and the demand is limited to a small amount of stock during the national day, and the offer has declined. The latest offer today: Qingdao/Zhongyuan T30S does not include tax declaration yuan/ton, and PetroChina Lanhua T30S has few sources of goods, including tax declaration of 11800 yuan/ton

Shunde PP market is generally stable, with individual quotations falling slightly. Due to the low market price, middlemen purchase more goods today, and there is an atmosphere of bottom hunting. Downstream demand continues to wait and see

the PP market in Shanghai fell slightly today. Small and medium-sized businesses and downstream factories have little intention of receiving goods, and the market presents a situation of price without market. There is no rush of goods preparation before the festival, and there are no factors to hype in the market. The business mentality is unstable, and there is no good expectation for the future market

the PP market atmosphere in Beijing is general, the quotation of merchants tends to be stable, the transaction is relatively flat, the supply of k8303 market is scarce, the overall shipping enthusiasm is OK, and the downstream demand has not significantly improved

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