Brief introduction to the spot PP market of China

2022-10-14
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On March 25, China Plastics spot PP market brief

China Plastics price ASTM B611 index rose 4.03 points to 889.15 points, and China Plastics spot index rose 8.37 points to 960.82 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose 0.18 US dollars/barrel to 53.98 US dollars/barrel. Brent crude oil rose 0.03 USD/barrel to 53.5 USD/barrel

Europe propylene FD northwest Europe reported EUR/ton, unchanged from the previous trading day. Far east propylene monomer FOB South Korea reported US dollars/ton, up 37.5 US dollars/ton from the previous trading day

II. Manufacturer dynamics:

Yangzi Petrochemical 1pp plant line a produces F401 and line B produces j340. The new line stopped on March 19 and started production of ypj-1215c today

Maoming Petrochemical PP first-line polypropylene unit produces EPS30R, while the second-line polypropylene unit is converted to n-f300m, and the manufacturer's inventory is small

the transparency of T30 produced by Zhenhai Refining and chemical PP plant is worse s. e) According to the purpose, there are general-purpose machines (all-round machines) and special machines. The factory price is stable: the drawing T30S and film material f280z are both 8550 yuan/ton. The manufacturer's inventory is normal and sales are average

Hainan refining and chemical PP plant produces T30S. The sales inventory is average, and the sales situation is acceptable

III. local market conditions:

affected by the decline of crude oil yesterday, the PP market in China plastic city stopped rising and stabilized, and the price was mainly stable, with little change. In terms of petrochemicals, after the crazy price rise yesterday, it also tends to be stable today, and some petrochemical manufacturers are expected to make up for the rise. The mentality of merchants is slightly relaxed, but as the supply of goods in the market is still tight, the overall bullish mentality still accounts for the majority. It is expected that the market will continue to rise steadily, and the range will not be very large

the PP market of Qilu Chemical City has a small supply today, and the merchants are generally enthusiastic about shipping. The quotation in the morning is mainly stable. T30S is quoted at 8700 yuan/ton, while Qilu EPS30R is scarce. The reference quotation is 10500 yuan/ton. The overall trading atmosphere is acceptable, and the businessmen are optimistic

the quotation of PP market in Hangzhou is higher. Today, the market is still supported by the market forecast of petrochemical adjustment: it is expected to rise by the end of 2018, and the business mentality is acceptable. The mainstream quotation of drawing polypropylene is 8900 yuan/ton, and the supply of copolymerization is scarce

the PP market in Xiamen continued to rise today. The market supply is not large, and the price of PetroChina South China continues to rise, so the market price is higher. Businesses are optimistic and slightly confused. In terms of quotation, the quotation of Fujian T30S is about 8800 yuan/ton, and that of Dalian wire drawing is about yuan/ton

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