Brief introduction to the spot PP market of China

  • Detail

On November 6, the China Plastics price index fell 6.36 points to 725.8 points, and the China Plastics spot index rose 0.92 points to 936.19 points

I. upstream express:

after Obama won the U.S. election, the dollar exchange rate rose, and international oil prices fell sharply after soaring on Tuesday. Data on the growth of refined oil inventories in the United States further drove down oil prices. The lowest annual interest rate of the week was 3%. European and American crude oil futures plummeted 7%. At the close, West Texas light oil December futures on the New York Mercantile Exchange were $65.3 a barrel, down $5.23 from the previous trading day, with a trading range of 65 $46; London Intercontinental Exchange Brent crude oil December futures 1. Its classification of material combustion performance level is changed from the original 51. Change the common sense of safety protection of the experimental machine: the levels are changed to A1 and A2 $61.87 per barrel, down $4.57 from the previous trading day, with a trading range of 61 Dollars

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant produces k4912; Dimer cooperates with the production restriction policy. Don't apply too much butter. Stop the car; Trimer to b8101

Maoming Petrochemical's line 1 polypropylene is converted to HHP4 and line 2 polypropylene is converted to n-mphm160, and the manufacturer's inventory is high

Lanzhou Petrochemical PP plant plans to produce T30S today. 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 resources of langang Petrochemical are uniformly allocated in the Northwest Company, and the unit produces S900. Today, the selling price of wire drawing F401 was stable, and the ex factory listing price in the province was 7000 yuan/ton

III. local market conditions:

the PP market in China plastic city is still weak, and the quotation continues to fall, but the range has significantly slowed down compared with the previous period. Due to the low operating rate of downstream factories as a whole, traders mainly ship goods and absorb few goods, so the market demand is not large-scale, resulting in continuous light transactions. 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 6800 yuan/ton

the price of PP market in Shanghai is lower today, the market atmosphere is depressed again, and there are not many transactions. Traders' mentality is bearish, and the PP market returns to the downward channel. In terms of current price: PetroChina T30S is about 6400 yuan/ton, SECCO S1003 is about 6500 yuan/ton, Shanghai T300 is about 6500 yuan/ton, copolymerization m180r is about 7100 yuan/ton, SECCO k7926 is 7200 yuan/ton, and K8003 is 7200 yuan/ton

the PP market quotation in Tianjin continued to decline. The market supply is small, the market is declining, and traders are mainly active in shipping. There were few enquiries in the morning and the transaction was not smooth. Current price: Daqing T30S quotation is in yuan/ton; The quotation of TIANLIAN T30S is RMB/ton; There are few copolymers, and Daqing EPS30R offers 7200 yuan/ton

the PP market in Nanjing is weakening today, with crude oil soaring and plummeting. There are differences in market mentality. In the future, it will continue to be bearish, and the market will return to the downward channel. Latest offer: Yangzi F401 is quoted at 6400 yuan/ton, and copoly j340/k8003 is quoted at about 7200 yuan/ton

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

Copyright © 2011 JIN SHI