Brief introduction to the spot PP market of China

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On August 1, a brief introduction to the spot PP market of China Plastics

China Plastics price index fell 6.93 points to 1350.85 points, and China Plastics spot index fell 0.70 points to 1370.35 points

I. upstream express:

crude oil futures prices in Europe and the United States closed lower on Thursday, reversing some of Wednesday's gains. On the last trading day of July, the oil price fluctuated. Due to the decline of the US dollar exchange rate, the crude oil futures in Europe and the United States rebounded from the low level in the morning, with an increase of more than US $1. However, the subsequent US economic data triggered concerns about crude oil demand, and the oil price fell back by US $4; How to solve the interference of frequency converter in Nigeria's daily oil production? The news of the loss of 40000 barrels made the closing oil price off the intraday low. At the close of Thursday, West Texas light oil September futures on the New York Mercantile Exchange were $124.08 a barrel, down $2.69 from the previous trading day, with a trading range of 122 89 dollars; September Brent crude oil futures on the London Intercontinental Exchange were $123.98 a barrel, down $3.12 from the previous trading day, with a trading range of 122 52 dollars

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant a poly production b4101; Dimer production pipe material ppr4220; Trimer k6606

Maoming Petrochemical PP first-line polypropylene produces hhp6 and second-line polypropylene produces f280m. Too much inventory

T30S is produced in Zhongyuan PP plant, and it is expected that the goods can be released next week. The factory price is stable: the latest factory price of wire drawing T30S is 14550 yuan/ton. The manufacturer basically has no inventory

III. local market conditions:

the market trend of PP in China plastic city is weak, and the quotation continues to decline, ranging from yuan/ton. At present, the downstream response is relatively cold, and most manufacturers are still waiting and waiting, with few goods received; Traders are more cautious in operation. Due to the high risk of goods preparation, they generally take low positions, most of which are based on sales, so the overall trading volume is limited. 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 13500 yuan/ton

Linyi PP market quotation fell. Traders have few sources of goods in their hands, and downstream and middlemen receive less goods, and the inquiry is OK. The latest market offer: the quotation of CNPC T30S including tax is 13800 yuan/ton

note: this reprint is for the purpose of transmitting more information, and does not mean that it agrees with the view that the orifice of the cylinder of the tensile testing machine should be chamfered by 15 degrees or confirms the authenticity of its content

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