Brief introduction to the spot PP market of China

2022-08-16
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On April 21, China Plastics spot PP market brief

China Plastics price index fell 7.24 points to 952.81 points, and China Plastics spot index rose 5.28 points to 1029.24 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange fell $4.45/barrel to $45.88/barrel. Brent crude oil fell $3.49/barrel to $49.86/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, unchanged from the previous trading day

II. Manufacturer dynamics:

Maoming Petrochemical PP first-line unit produces EPS30R, second-line unit produces n-mphm160, and the manufacturer's inventory is normal

Yanshan Petrochemical PP unit - polypropylene was insufficient and shut down on April 18, which is expected to recover in the near future; Dimerization production ppr4220; Trimer k8303

Jiujiang Petrochemical PP plant shut down on April 5 and started to produce T36F on April 20. (the upstream oil refining unit was overhauled from March 15 to April 15)

PP unit of Zhenhai Refining and Chemical Co., Ltd. produces film materials. Listed for sale today: drawing T30S and film material f280z are both at 9500 yuan/ton. The manufacturer's inventory is normal and sales are average

III. local market conditions:

due to the negative impact of yesterday's sharp decline in crude oil closing, the rising market that can be seen just now has been severely hit, and the upward trend will be suppressed. In addition, the downstream demand has not been significantly improved. Most businesses are still wait-and-see, and buyers are more cautious in their operations. The market atmosphere is flat and the transaction is not good. It is expected that the short-term market will remain stable, which does not rule out the possibility of a slight decline in stability

Qilu Petrochemical p5 Spring amplitude: 0 (5) 0mm; P device on April 15 2. Ensure that the supporting instruments, equipment and accessories are completely shut down for maintenance, which is planned to be maintained for about 40 days. T30S is listed for sale at a listing price of 9500 yuan/ton. Copolymerization Pricing: EPS30R at 11700 yuan/ton, eps30ra/qp83n at 11800 yuan/ton, SP179 at 11900 yuan/ton. The manufacturer's inventory is general, and the sales situation is acceptable

the Shanghai PP market was slightly sorted out today. Crude oil plummeted by 9%, which had a significant impact on the market. Some quotations were slightly corrected, but the range was not large. In terms of current price: PetroChina T30S is 9700 yuan/ton; SECCO S1003 is 9650 yuan/ton; T300 is 9700 yuan/ton; Fiber 2040 is 9900 yuan/ton, Shanghai y1600 is 9800 yuan/ton, Shanghai Petrochemical m180r is 11500 yuan/ton, K8003 is 11200 yuan/ton, k4912 is 10700 yuan/ton

there are not many sources of goods in Linyi PP market. Merchants store goods and are reluctant to sell. It is difficult to sell at low prices and high prices. Crude oil futures plummeted by 9% 1. Research failure analysis materials, a strong wait-and-see atmosphere in the morning, and general inquiries. The latest offer: Qingdao T30S excludes 9100 yuan/ton of tax, and Zhongyuan T30S excludes 9200 yuan/ton of tax

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