Brief introduction to the spot PP market of China

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On February 27, China Plastics spot PP market brief

China Plastics price index fell 3.27 points to 799.7 points, and China Plastics spot index rose 0.26 points to 892.93 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose $2.72/barrel to $45.22/barrel. Brent crude rose 2 With the gradual increase of CPE consumption, it is $22/barrel to $46.51/barrel

European propylene FD northwest European news 431 00 euros/ton, up 20 euros/ton from the previous trading day. Far east propylene monomer FOB South Korea reported USD/ton, down $5/ton from the previous trading day

II. Manufacturer's news:

during the shutdown and maintenance of PP powder device in Jinzhou refinery, the start-up plan is postponed to next week. The manufacturer is currently out of stock, and the early quotation is 7500 yuan/ton

the new organic PP plant in Dalian produces T30S. The 70000 ton old plant is shut down, and another 50000 ton old plant continues to shut down. There is no start-up plan for the time being

the PP unit of Tianjin Lianhua began maintenance on September 28, 2008, and is ready to start on March 6, 2009. It is expected that the product will be delivered on March 9. The manufacturer has no goods available at present

the PP plant of Yanshan Petrochemical started to shut down for materials on the 20th, with dimer producing 4220 and trimer producing b8101

III. local market conditions:

the PP market in China plastic city is calm, the market is generally stable, and some parts rise and fall slightly. Although the overall resource volume of the society is relatively small, and the recent continuous rise in oil prices has boosted market confidence to a certain extent, the market weakness is still difficult to break through. The key lies in the weak intention of downstream factories to receive goods, and there is no sign of large-scale terminal demand. 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 7750 yuan/ton

the quoted price of PP market in Linyi area has not changed much. The pricing and sales of Sinopec and PetroChina have supported the market. At the same time, the continuous rise of international crude oil has also improved the mentality of businesses. At present, the local Qingdao T30S has reported 7550 yuan/ton, and the Zhongyuan T30S has reported 7600 yuan/ton

there are few PP market resources around Tianjin, supporting the quotation. In addition, crude oil increased by 13.7% in a row, and some middlemen were bullish. However, as there is still no significant improvement in the transaction, the mainstream price is still stable. At present, the market has t Jinan, which actually needs to set the upper and lower limits, very small storage values, very small peak persistence values, automatic peak time, automatic shutdown time, gravity acceleration and other machine inspection control system maintenance: the price of 30s self lifting is reported at about 7600 yuan/ton, and the EPS30R material is small

the quotation of PP around Yanshan was stable and slightly higher. Middlemen generally believed that the market was expected to rebound at a low level and were cautiously optimistic about the future market. At present, the local S1003 and T30S goods are under reported at 7700 yuan/ton, k8303 at 8800 yuan/ton, K1008 at 8050 yuan/ton, k7726 at 8600 yuan/ton, b8101 at 8900 yuan/ton, and transparent materials are under reported

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