The hottest spot PP market of China Plastics on Au

2022-08-21
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On August 8, China Plastics spot PP market brief

China Plastics price index fell 0.54 points to 1312.52 points, and China Plastics spot index fell 4.36 points to 1328.99 points

I. upstream express:

international oil prices began to rebound. In addition, the news that OPEC crude oil supply may decline also supported the oil market. At the close of Thursday, West Texas light oil September futures on the New York Mercantile Exchange were $120.02 a barrel, up $1.44 from the previous trading day, with a trading range of 117 $78; London Intercontinental Exchange Brent crude oil staff working in such an environment is not good for their health. September futures were $117.86 a barrel, up $0.86 from the previous trading day, with a trading range of 116 75 dollars

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant produces b4808; Dimer production pipe material ppr4220; Trimer k7726

Qilu Petrochemical PP produces eps30ra today. The latest listing price of PP today: T30S is 13300 yuan/ton. EPS30R is 13700 yuan/ton, copolymer eps30ra is 13700 yuan/ton, automotive special material SP179 is 13700 yuan/ton, qp83n and qp73n are 13700 yuan/ton. The manufacturer has average inventory and slightly poor sales

Maoming Petrochemical's first-line polypropylene production conversion to T30S and second-line polypropylene production conversion are due to its preference for the business environment n-t30s of Tongling Copper based materials industrial base. Too much inventory

III. local market conditions:

the market trend of PP in China plastic city is depressed, and the quotation continues to decline, and some of them have a large decline. Due to the sluggish downstream demand, the overall transaction is very light. Traders are pessimistic and actively sell goods, but Wunai downstream factories mostly wait and see. 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 12500 yuan/ton

Linyi PP market has a small supply of goods, a cold atmosphere, few resources in the hands of traders, and the operation is not active. The main construction of this building needs about 180 workers to be completed in about 6 months, so it is not optimistic about the future market. The latest market offer: the quotation of Zhongyuan T30S excluding tax is 12400 yuan/ton

the quotation of PP market in Nanjing continues to decline, the supply volume is OK, the demand is poor, the market is gloomy and the atmosphere is difficult to change, and traders are still shipping, with a bearish mentality. The latest quotation in the market: the quotation of wire drawing F401 is 12600 yuan/ton, and the quotation of copolymerization j340 and K8003 is 13300 yuan/ton

the PP market atmosphere in Qilu Chemical City is cold and helpless in winter, and the quotation has fallen sharply. The merchant's reference quotation: the quotation of Qingdao T30S is RMB/ton. The quotation of copolymer EPS30R is 13400 yuan/ton, SP179 is 13400 yuan/ton, and eps30ra is 13400 yuan/ton. The transaction price is more than one, the inventory is OK, and the downstream digestion of supply is still slow. Most of the market participants are pessimistic, leaving the market to wait and see

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