A brief introduction to the PP market of China Pla

2022-08-15
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On May 25, 2009, China Plastics information PP market brief introduction

China's plastic price index fell, with an average annual growth of 8.7%; The sales revenue of new materials accounts for 10% of the main business revenue of the raw materials industry; The utilization rate of advanced process control in petrochemical and steel industries reached more than 60%, from 8.23 points to 907.63 points, and the China Plastics spot index fell 3.98 points to 982.84 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose $0.62/barrel to $61.67/barrel. Brent crude oil rose 0.85 USD/barrel to 60.78 USD/barrel

Europe propylene FD reported EUR/ton in northwest Europe, which was stable compared with the previous trading day. Far east propylene monomer FOB South Korea reported USD/ton, down 26 USD/ton from the previous trading day

II. Manufacturer dynamics:

m800e, the first-line production of Shanghai Petrochemical; Dimerization produces f280s; Trimer produces m180tri

PA14D-1 produced by Daqing Refining and chemical PP plant. Today, we continue to implement listing sales. The sales situation is general, and the inventory is not much

the F401 produced by Panjin Ethylene PP plant has not been priced yet, and it is expected that the goods may be released this week

Yanshan Petrochemical PP plant - poly production b4101; Dimer production pipe material ppr4220; Trimer to b8101

III. local market conditions:

China Plastics spot Mall (-cp intensive cultivation of copper based materials "great achievement". Com) PP prices rose and fell compared with the same period last Friday, mainly downward, with a decline of about yuan/ton, and a few brands rose by yuan/ton. Among them, pp/k8003/Yangzi Petrochemical reported 10270 yuan/ton, pp/t30s/Lanzhou Petrochemical reported 9300 yuan/ton, pp/f401/Lanzhou Petrochemical reported 9300 yuan/ton, pp/3015b/Formosa Ningbo reported 10100 yuan/ton, and pp/t30s/Shaoxing Sanyuan reported 9000 yuan

at 11:00 today, the China Plastics PP warehouse receipt index closed at 980.28, down 11.44. PP main warehouse receipt contracts opened at a relatively low range, showing a slow upward trend, and the trading volume increased slightly compared with the same period of the previous trading day. The latest price is 8731 yuan/ton, down 73 yuan/ton, and the price range is yuan/ton

the PP market around the Central Plains weakened slightly. The market supply is tight, but the demand is low, and the low price of powder also affects the transaction of granular materials. In terms of current price: the tax inclusive price of Zhongyuan Petrochemical T30S is about 9050 yuan/ton, and the tax exclusive price is about 8550 yuan/ton, which is for reference only

the PP market quotation in Beijing is mainly stable, with a strong wait-and-see atmosphere in the morning and a light inquiry atmosphere. Bearish mentality continues, businesses actively ship, and demand is low. Most market participants believe that the market downturn will continue

Linyi PP market is low-end, and the recycled materials with low prices have great attraction to downstream factories and have a great impact on the market. The wire drawing and injection molding market is still depressed. The latest offer: Qingdao T30S does not include tax 8600 yuan/ton, and Zhongyuan T30S does not include tax 8700 yuan/ton

the quotation of PP market in Hangzhou fell, and the bearish mentality pervaded the market. Merchants with a lot of goods try to sell at a low price, but it is difficult for such electromechanical devices to adopt analog signal control. The mainstream quotation of domestic T30S is 9100 yuan/ton, and that of low-melt copolymerization is yuan/ton. The downstream demand is sluggish, and it is still mainly wait-and-see

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