Brief introduction to PP market of China Plastics

2022-08-03
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As of 10:00 a.m. on January 25, 2010, China's plastic price index was at 1061.18 points, down 3.33 points. The China Plastics spot index fell 0.04 points to 1141.49

I. upstream express:

on Friday (January 22), the settlement price of West Texas light oil futures in March on the New York commodity futures exchange was $74.54 a barrel, down $1.54 from the previous trading day, with a trading range of 74 US $5; The settlement price of March Brent crude oil futures on the London Intercontinental Exchange was $72.83 a barrel, down $1.75 from the previous trading day, with a trading range of 72 15 dollars

Europe propylene FD northwest Europe news 862 5 euros/ton, down 2.5 euros/ton compared with the previous trading day. Far east propylene FOB Korea reported USD/ton, closing flat compared with the previous trading day

II. Warehouse receipt dynamics:

at 10:30 today, the China Plastics PP warehouse receipt index closed at 1151.56 points, down 4.90 points. The opening index of PP main warehouse orders plunged to 1149.88. After the index rebounded slightly, it did not become a climate. After reaching 1151 points, the market stabilized. The latest price of pp1004 is 10900 yuan/ton, down 49 yuan/ton. The price range is 21 yuan/ton, which is also a key area of high-tech competition

III. local market conditions:

the listing price of some brands of PP in China Plastics spot mall has been adjusted. Among them, e is represented by the force borne per unit area pp/h030sg/India. It can also maintain the cleanness of the greenhouse drainage ditch. It is reported as 10850 yuan/ton, up 250 yuan/ton; Pp/f401/Yangzi Petrochemical reported 11500 yuan/ton, up 200 yuan/ton; Pp/m2600r/Shanghai Petrochemical reported 11700 yuan/ton, down 300 yuan/ton; Pp/t30s/Zhenhai Refining & Chemical reported 11150 yuan/ton, down 150 yuan/ton; Pp/k8003/Yangzi Petrochemical reported 11650 yuan/ton, up 50 yuan/ton

affected by the decline of crude oil, the PP market in Tianjin has a poor demand atmosphere. The merchants have a strong wait-and-see mentality, and the quotation is slightly lower. Merchants have doubts about the future market, and their intention to cover positions is weak

the current price of PP in Nanjing is mainly stable. The market resources are general, and the merchants continue to ship. The market mentality is acceptable, and the supply of low-cost goods is rare

the PP market in Yuyao is mainly stable. There are not many market resources, and the mentality of businessmen is basically stable. There were not many enquiries in the morning, but the actual transaction was average

the quotation of PP market in Guangzhou has not changed much, and it is mainly sorted out. The atmosphere of inquiry in the morning was light, and I didn't hear of a large number of transactions. The supply of goods is not large, and the downstream demand is general

IV. manufacturer dynamics:

Zhenhai Refining and chemical PP plant produces wire drawing. The pricing is stable today: the drawing T30S is at 10850 yuan/ton, and the film material f280z is at 10850 yuan/ton. The manufacturer doesn't have much inventory and sales are normal

T30S is produced by Shaoxing Sanyuan PP plant. The pricing is stable today: the drawing T30S is at 10850 yuan/ton, and the film material f280f is at 10850 yuan/ton. The manufacturer doesn't have much inventory and sales are normal

Jiujiang Petrochemical PP plant produces T36F today. Today's pricing sales: drawing T30S is at 10850 yuan/ton, and film material T36F is at 10850 yuan/ton. The manufacturer's inventory is average, and the sales situation is OK

the polypropylene 100000 t/a old unit of Yan'an refinery is in shutdown (propylene is insufficient), and the new unit of 200000 t/a produces T30S. The manufacturer's inventory is acceptable. Today, the reserve price of the Western trading center is 10200 yuan/ton

Dr. Deakin said that

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