Brief introduction to the spot PP market of China

2022-08-12
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On August 29, China Plastics spot PP market brief

China Plastics price index fell 1.80 points to 1342.75 points, and China Plastics spot index rose 6.94 points to 1330.52 points

I. upstream express:

at the close of Thursday, West Texas light oil October futures on the New York Mercantile Exchange was $115.59 a barrel, down $2.56 from the previous trading day, with a trading range of 114 5 dollars; October Brent crude oil futures on the London Intercontinental Exchange were $114.17 a barrel, down $2.05 from the previous trading day, with a trading range of 112.8 diamond cones $26

II. Manufacturer dynamics:

the new PP unit of Lanzhou Petrochemical produces T30S, and it is planned to start maintenance on August 21 for about 20 days. The old plant was shut down due to insufficient raw materials on June 10, 2008, and there is no start-up plan for the time being. (the PP capacity of the original old device is 50000 tons/year, and the PP capacity of the new device is 300000 tons/year)

Maoming Petrochemical produces EPS30R from line 1 polypropylene and n-t30s from line 2 polypropylene. The overall inventory is too much. It is reported that PP plans to reduce production by 4000 tons in August

the medical staff of Luoyang Petrochemical PP film production today can ensure that the material is as light and non-invasive as possible. The ex factory price today is stable: wire drawing F401 is 13000 yuan/ton, fiber ys835, ys830, s is 13000 yuan/ton, film material jf300 is not exported, and j600 is 12950 yuan/ton. The manufacturer will bill normally today and stop selling and settlement tomorrow

III. local market conditions:

the mainstream of PP market quotation in China plastic city is stable, and some continue to decline. Downstream factories still hold a wait-and-see attitude. Although the inquiry remains ordinary, the actual receipt of goods is still liaoliao. Traders have a general mentality and are more cautious in operation. Medium and low price shipments are acceptable, and high-end price shipments are still blocked, so the overall transaction is still not improving. The latest mainstream quotation of domestic wire drawing/injection plastic is yuan/ton, and the mainstream quotation of domestic copolymer is 14200- get the absorption work of the sample; In terms of operation, the semi-automatic control experimental machine is 15200 yuan/ton, the mainstream quotation of imported copolymer is yuan/ton, and the mainstream quotation of monofilament powder is 13200 yuan/ton

the atmosphere of PP market in Nanjing is light. Near the end of the month, most businesses are busy paying accounts and settling accounts. The market trading atmosphere is light, and the demand is still poor. The latest market offer: Yangzi F401 reported 13250 yuan/ton, copoly j340 reported 13900 yuan/ton, K8003 reported 14100 yuan/ton

the PP market atmosphere in Qilu Chemical City is cold and the quotation is generally strong. Reference quotation: Qingdao T30S Qilu local quotation is 13200 yuan/ton, and Dalian West Pacific T30S quotation is 13300 yuan/ton. Qilu Petrochemical T30S is short of goods. There are not many sources of copolymerization: the quotation of EPS30R is 14200 yuan/ton, the supply of SP179 is not many, and the quotation of eps30ra is 14050 yuan/ton, and the transaction price is negotiable. The overall transaction is not good

the PP market quotation in Tianjin is slightly loose. There is less supply in the market, and some traders are optimistic about the aftermarket. The transaction in the morning is general, and the demand has warmed up. Today, some merchants offer: Daqing T30 offers at yuan/ton; The quotation of TIANLIAN T30S is 13000 yuan/ton, and the quotation of copolymerization is 14050 yuan/ton at zero experimental force

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