Brief introduction to the spot PP market of China

2022-10-18
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On April 1, the China Plastics price index rose 15.60 points to 928.01 points, and the China Plastics spot index rose 3.66 points to 979.73 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose $1.25/barrel to $49.66/barrel. Brent crude oil rose $1.24/barrel to $49.23/barrel

Europe propylene FD northwest Europe reported EUR/ton, unchanged from the previous trading day. Far east propylene monomer FOB South Korea reported USD/ton, up $30/ton from the previous trading day

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant produces k4912; Dimerization production ppr4220; Trimer k8303

Jiujiang Petrochemical PP plant produces T36F today and plans to shut down from April 5 to April 15. (the upstream oil refining unit was overhauled from March 15 to April 15)

Qilu Petrochemical PP plant produces SP179 today

Tianjin United PP plant plans to produce EPS30R today. Today's ex factory price: T30S is priced at 8800 yuan/ton, and EPS30R is priced at 9900 yuan/ton. At present, the manufacturer has less inventory and good sales

III. local market conditions:

the market quotation of PP in China plastic city continues to rise sharply, especially in East China. Petrochemical has increased its price increase and its intention is obvious. Businesses are more confident in rising prices, and downstream enterprises are also receiving more goods. With the increase of confidence, it is expected that the rising market will continue

PP around the Central Plains continued to rise. The supply of goods in the market is tight, and traders expect that Sinopec may continue to raise prices in the later period, so some of the prices are closed for rise. Shipping merchants have also significantly increased their quotations. It is reported that some merchants have quoted about 9200 yuan/ton for Zhongyuan Petrochemical T30S, including tax

the price of PP in Xiamen market is significantly higher today. At the beginning of the month, PetroChina had an obvious intention to raise prices, and PetroChina South China and Fujian United also significantly raised their ex factory prices, which quickly pushed up the market. The market mentality is acceptable, and the future market is mainly cautious and optimistic. In terms of quotation, the quotation of Dalian T30S is 9100 yuan/ton, that of Fujian wire drawing is yuan/ton, and that of Korean LG casting film pp-r3400 is 9000 yuan/ton

Yu can therefore match the different materials tested. The market price of Yao PP is significantly higher today. The sharp rise in the price of petrochemicals at the beginning of the month is a great boost to the market. Today, businesses have reported high prices, and some are reluctant to sell and close their plates. It is difficult to deal with high priced goods in the morning. In terms of current price: Sanyuan T30S is short of goods, and the quotation is high at about 9500; Zhenhai T30S is 9500 yuan/ton, F401 is 9600 yuan/ton, and copolymerization j340 is about 11300 yuan/ton

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