The hottest spot PP market of China Plastics on Ju

2022-08-21
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On June 11, China Plastics spot PP market brief

China Plastics price index rose 6.30 points to 1592.63 points, and China Plastics spot index rose 0.41 points to 1489.83 points. Breweries use pipelines to transport liquid products

I. upstream express:

on Tuesday, the international oil price fell rapidly after a sharp rise, with an intraday rise and fall of $7. The analysis shows that earlier on Tuesday, the international energy agency lowered its forecast for global demand, but also lowered its forecast for non OPEC crude oil production. At the same time, investment banks Merrill Lynch and Citigroup raised their oil price forecasts. During the London trading session, international oil prices still rose strongly. New York crude oil futures once again approached $138 a barrel, with a maximum of $137.98 a barrel in July futures; Brent crude oil in the North Sea, traded in London, peaked at $137.74 in July futures. Crude oil futures in Europe and the United States fell below $131 a barrel during the session. However, the decline of oil prices for two consecutive days will still be officially settled in October, with a third of the cumulative increase last week. When the benchmark selects hydraulic oil, crude oil futures are still higher than US $130 per barrel. At the close of trading, July light crude oil futures on the New York Mercantile Exchange were $131.31 a barrel, down $3.04 from the previous trading day; July Brent crude oil futures on the London Intercontinental Exchange were $131.02, down $2.89 from last Friday

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant a poly production b4101; Dimer production pipe material ppr4220; Sanju turns to k8303

Qilu Petrochemical PP produces T36F, and the ex factory price: the ex factory price of wire drawing T30S is 16550 yuan/ton. Copolymerization: EPS30R is 16400 yuan/ton, copolymerization eps30ra is 16400 yuan/ton, automobile special material SP179 is 16500 yuan/ton, qp83n and qp81n are 16300 yuan/ton. The manufacturer doesn't have much inventory

III. local market conditions:

the PP market in China plastic city is in good shape, and the quotation continues to rise. At present, although there is still no significant volume of transactions in the market, and the trading atmosphere is light, the high level of single market continues to rise, the high level of external market is strong, social resources are relatively small, and the mentality of traders is good, so various forces still have a slight advantage. 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 17300 yuan/ton

the supply of PP market in Nanjing is not large, the atmosphere of price seeking is acceptable, and the offer remains high. The profit margin of merchants is still large, and the phenomenon of closing and reluctant to sell still exists. Market quotation: the quotation of Yangzi F401 is about 18000 yuan/ton; The quotation of copolymer j340 is about 17000 yuan/ton, and that of K8003 is about 17400 yuan/ton

the PP market in Linyi is stable today. The supply of goods is not large, and the shipment is not smooth. Merchants have two contradictory mindsets: some are bullish, close the market and reluctant to sell, but do not purchase; Some are worried about the downstream and want to ship, but the high-level transaction is weak. Market quotation: the quotation excluding tax of Zhongyuan T30S is about 16500 yuan/ton

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