Brief introduction to the spot PP market of China

2022-09-21
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On November 14, China Plastics spot PP market brief

China Plastics price index rose 6.89 points to 740.19 points, and China Plastics spot index rose 1.33 points to 904.53 points

I. upstream express:

the atmosphere in the oil market is weak. Oil prices fell most of the time, with NYMEX light crude oil futures falling below $55 a barrel in Asian trading. During the London trading session, the IEA's monthly report on the oil market was released, and the oil demand forecast was revised down as expected. After the opening of New York, the delayed release of U.S. oil inventory data showed that crude oil and refined oil inventories continued to grow, and international oil prices continued to fall. However, in the afternoon, it was reported that OPEC would use the meeting of the League of Arab Petroleum Exporting Countries to discuss further production reduction at the end of November. At the same time, after the three-day sharp decline in U.S. stocks, there was a phenomenon of bargain hunting and rising, and the international oil price rebounded instantly. At the close, the December futures of West Texas light oil on the New York Mercantile Exchange were $58.24 a barrel, up $2.08 from the previous trading day, with a trading range of 54 11 dollars; London Intercontinental Exchange Brent crude oil December futures were $51.99 a barrel, down $0.38 from the previous trading day, with a trading range of 50 $26

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant produces k4912; Dimer continues to stop in line with the production restriction policy; Trimer k8303

the PP unit of Luoyang Petrochemical stopped for maintenance on November 13 until about the 24th. The latest listing price: wire drawing F401 is at 6100 yuan/ton, fiber ys835, ys830, s is at 6100 yuan/ton, film material jf300 is at 6100 yuan/ton

the Tianjin United PP plant stopped in the early morning of September 28 and is scheduled to start in late November. The latest listing price: T30S at 6100 yuan/ton, copolymer EPS30R at 7000 yuan/ton

the Tianjin United PP plant stopped in the early morning of September 28 and is scheduled to start in late November. The latest listing price soared by yuan/ton: T30S was at 6900 yuan/ton, and copolymerization EPS30R was at 7300 yuan/ton, which was characterized by simple operation

III. local market conditions: according to the prediction of GGII

driven by the sharp rise in the quotation of Sinopec Beijing Branch, the trading atmosphere in Yuyao plastic city PP market is good, and the quotations of merchants generally follow up, and some of them have a large range. 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 7400 yuan/ton

the supply of PP market in Linyi is scarce, and there is almost no goods to be found. There are several possibilities for the sudden evaporation of goods: first, Sinopec strictly controls the supply of goods, and second, the goods can't be sealed. Many people are looking for offers today, but there is no offer

the PP market in Nanjing is up today, with scarce supply and good inquiry atmosphere. Homopolymer F401 has almost no supply, and copolymerization j340 is not much. Merchants are reluctant to sell and generally close their plates. Quotation: copoly j340 is quoted at about 7400 yuan/ton, and there are few offers for other brands

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