The hottest spot PP market of China Plastics on Ja

2022-08-20
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On January 7, the price index of China Plastics City Rose 0.38 points to 747.52 points, and the spot index of China Plastics rose 0.75 points to 879.31 points

I. upstream express:

on Tuesday, both European and American crude oil futures broke through $50 a barrel. However, traders took profits after the continuous rise in oil prices, and crude oil futures in New York closed down moderately. European natural gas supply remained under threat, and Brent crude oil futures continued to rise. At the close of Tuesday, the February futures of West Texas light oil on the New York Mercantile Exchange were $48.58 a barrel, down $0.23 from the previous trading day, with a trading range of 47 $47; London Intercontinental Exchange Brent crude oil February futures timely provided financial support of $50.53 per barrel to avoid cavitation on the surface of the rotor and mold cavity, up $0.91 from the previous trading day, with a trading range of 48 21 dollars

II. Manufacturer dynamics:

Yanshan Petrochemical PP Yiju produces b4808; Dimer production 4220; Sanju changed production to k8303, and Yanshan Petrochemical has no PP production reduction plan in January

the design capacity of Tianjin United PP plant is 70000 tons. The shutdown and overhaul began on September 28. The original plan lasted for days, and then the start-up plan was postponed to March 2009

III. local market conditions:

the PP market in China plastic city has not improved, and the market is generally stable, with some minor adjustments. Although the amount of resources is small, the purchase intention of downstream factories is weak, and most of them are still on the sidelines. In addition, traders are less optimistic about the future market, so the total trading volume is limited. At present, the 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 7400 yuan/ton

the mainstream quotation in the surrounding market of Yanshan is stable. Yesterday, Sinopec's listing rose, which drove the merchants to report higher, but at present, the surrounding demand is still not very good. However, affected by the allocation of resources and the change of production, businesses are still relatively stable in the future market, hoping to stabilize the discharge and control inventory before the Spring Festival

the drawing quotation in Shunde PP market still has a rising trend, but the transaction is light, and the rising momentum accelerates, which drives the lack of green manufacturing power in the automotive industry. Maoming n-t30s reported about 7150 yuan/ton without tickets, Hainan T30S reported 7000 yuan/ton without tickets, and Maoming M160 reported yuan/ton without tickets. Maoming EPS30R is quoted at 6950 yuan/ton, EPC30R-H is quoted at 7000 yuan/ton without ticket, and ept30r is out of stock. The demand is weak, and the supply of merchants is few. Continue to wait and see

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