Brief introduction to the spot PP market of sinopl

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On October 9, the China Plastics price index fell 16.63 points to 1129.43 points, and the China Plastics spot index fell 4.15 points to 1231.34 points

I. upstream express:

international oil prices continued to fall during the Asian trading session on Wednesday, approaching the end of the Asian market, and European and American crude oil futures have plummeted by $4. However, there is news that the Federal Reserve and the global central banks reduced interest rates. Before the release of the US oil inventory data, the international oil price rebounded, but under the influence of the negative inventory data, the oil price fell again. International crude oil futures fell to the lowest level in 10 months. At the close of Wednesday, the November futures of West Texas light oil on the New York Mercantile Exchange were $88.95 a barrel, down $1.11 from the previous trading day, with a trading range of 86 99 dollars; November Brent crude oil futures on the London Intercontinental Exchange were $84.36 a barrel, down $0.30 from the previous trading day, with a trading range of 81 60 dollars

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant produces b4808; Erju stopped for minor repair last night and is expected to drive today; Trimer produces b8101

Guangzhou Petrochemical PP continues to be listed for sale. The 100000 ton PP plant of Guangzhou Petrochemical produces f400h; The 60000 ton unit now produces cjs700

Qilu Petrochemical PP plant will produce special material qp83n during the holiday, and will switch to film material T36F in the near future

Jiujiang Petrochemical PP plant is converted to T30S, and it is expected to be put into production for 4 days. Continue to be listed for sale. The latest listing price: the step length set by the degree of output signal of wire drawing T30S is 11700 yuan/ton, and the film material f280z is 11700 yuan/ton

Maoming Petrochemical's line 1 polypropylene produces EPS30R and line 2 polypropylene produces n-ep3t56f, and the manufacturer's inventory is normal

III. local market conditions:

the market quotation of PP in China plastic city continues to fall, with a range of 1. If there is a gap in the screw rod, the experimental data in the future will vary from yuan/ton. As the overall weakness is still difficult to overcome, the sluggish terminal demand shows no signs of improvement at all, and downstream enterprises continue to step by step. Traders have a pessimistic mentality, basically no enthusiasm for receiving goods, and follow the market for short-term operation. 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 11200 yuan/ton

the PP market in Linyi is stable, the market atmosphere is cold, and there is almost no new supply. Merchants dare not purchase goods rashly when the demand is extremely low. The inventory source maintains the original price and slowly digests it. Today's offer: Zhongyuan T30S tax excluded declaration 10700 yuan/ton, Daqing T30S tax included 11400 self withdrawal

the mentality of Nanjing PP market is panic, there are no longer a few merchants with sales pressure, and low-cost selling is intensifying. As long as there are buyers in the market, the price is easy to negotiate. The latest offer fell sharply: Yangzi F401 reported 11000 yuan/ton, copoly j340 reported 11600 yuan/ton, K8003 reported 11700 yuan/ton

and process and calculate the decline of PP market quotation in Tianjin through relevant procedures. The market supply is small, the demand is light, and the shipment is difficult. The mentality of merchants is affected by the sharp decline of crude oil futures, and there are few goods received. This offer: Daqing T30S offers at 11250 yuan/ton; TIANLIAN T30S offers at yuan/ton, less copolymerization, and some merchants offer at yuan/ton

note: this reprint is for the purpose of transmitting more information, and does not mean agreeing with its views or confirming the authenticity of its content

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