A brief introduction to the spot PP market of sino

2022-08-24
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On September 10, the China Plastics price index fell 10.09 points to 1269.89 points, and the China Plastics spot index fell 5.39 points to 1306.09 points

I. upstream express:

it is expected that the hurricane may turn and miss the oil and gas facilities in the Gulf of Mexico. The OPEC meeting will keep the production quota unchanged. On Tuesday, the international oil price fell sharply, and the Brent crude oil futures traded in London fell below $100, which is the first time in five months. At the close of Tuesday, the October futures of West Texas light oil on the New York Mercantile Exchange were $103.26 a barrel, down $3.08 from the previous trading day, with a trading range of 101 $77; October Brent crude oil futures on the London Intercontinental Exchange were $100.34 a barrel, down $3.10 from the previous trading day, with a trading range of 99 79 dollars

II. Manufacturer dynamics:

Guangzhou Petrochemical PP continues to be listed. At present, the load of Guangzhou stone experimental PP device is about 90%, and the manufacturer's 100000 ton device produces j641; The 60000 ton unit now produces S800

Sinopec Shanghai Petrochemical 1pp polypropylene plant shut down on August 14, and it is planned to shut down to about September 22, with a capacity of 120000 tons/year; Dimer produces f800e and trimer produces m700r

the PP unit of Daqing Petrochemical stopped for maintenance on September 1, and it is planned to be repaired until September 16. Today, the high-frequency fatigue testing machine is mainly used to measure the fatigue performance of metal materials and components under tension, compression or tension compression alternating load. It is listed for sale: the latest wire drawing T30S in the province is 12700 yuan/ton; The ex factory price of T38F is 13000 yuan/ton

Fujian United PP plant produces wire drawing, and the manufacturer continues to implement the listing price reduction: wire drawing T30S is at 12700 yuan/ton, and film material T36F is at 12700 yuan/ton

III. local market conditions:

the PP market in China plastic city is affected by many negative factors, and its overall performance is dim. The market is generally downward, ranging from yuan/ton. Most traders are helpless in the face of the cold market, and still maintain short-term operation or wait-and-see. The latest mainstream quotation of domestic wire drawing/injection plastics is at yuan/ton, the mainstream quotation of domestic copolymers is at yuan/ton, the fixed asset investment in the paper industry is reduced by 5.6% year-on-year in the first two months of 2019, the mainstream quotation of imported copolymers is at yuan/ton, and the mainstream quotation of monofilament powder is at 12550 yuan/ton

the PP market quotation in Nanjing is chaotic, the market resource is acceptable, and the transaction is weak. The mentality of merchants is bearish, the offer has declined repeatedly, the demand is light, and the purchase is not active. The latest market offer: Yangzi F401 reported 12300 yuan/ton, copoly j340 reported 13100 yuan/ton, K8003 goods understated by yuan/ton, and the demand for vanadium alloy for replaced steel products increased

the atmosphere of PP market in Tianjin is light. The trading atmosphere is not good. The bearish quotation of merchants for the future market continues to decline, and the downstream demand is sluggish. Today, some merchants offer: Daqing T30S offers 12500 yuan/ton; The quotation of TIANLIAN T30S is 12500 yuan/ton, and the copolymerization offer is rare, and some merchants quote at yuan/ton

Linyi PP market has few resources, the trading atmosphere is light, the downstream demand is low, and the purchase is not active. The latest market offer: Zhongyuan T30S excluding tax report 11850 yuan/ton, Daqing/Lanhua T30S including tax report 12450 yuan/ton

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