Brief introduction to the spot PP market of China

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On October 13, China Plastics spot PP market brief

China Plastics price index fell 21.92 points to 1083.68 Anyang steel industry bottomed out: 11 steel mills with a total capacity of 26million tons, and China Plastics spot index fell 14.13 points to 1202.38 points

I. upstream express:

under the influence of the global financial crisis, the stock market plummeted and demand fell. Investors lost confidence in the futures market, and speculators' positions in crude oil futures fell to the lowest level in more than two years. On Friday, international oil prices continued to plummet by 10%, and crude oil futures in Europe and the United States fell for the third time in history. Crude oil futures on both sides of the Atlantic fell below $80 a barrel. At the close of Friday, the November futures of West Texas light oil on the New York Mercantile Exchange were $77.70 a barrel, down $8.89 from the previous trading day, with a trading range of 77 13 dollars; November Brent crude oil futures on the London Intercontinental Exchange were $74.09 a barrel, down $8.57 from the previous trading day, with a trading range of 720. Paper companies lost $8 billion in 2018 55 dollars

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant produces k4912; Dimer started production of ppr4220 on October 10; Trimer k8303

Maoming Petrochemical's line 1 polypropylene production achieved win-win development, and line 2 polypropylene produced n-ep3t56f. The manufacturer's inventory was normal

the PP resources of langang Petrochemical are uniformly allocated in Northwest Company, and the unit produces j700. Today, the selling price of wire drawing F401 was stable, and the ex factory listing price in the province was 11500 yuan/ton. It is reported that the inventory is basically normal and the sales are average

Fushun Petrochemical PP plant produces t38fe. The listing price was lowered today: drawing T30S was at 11000 yuan/ton, membrane t38fe was at 11100 yuan/ton, and fiber hy525 was out of stock

III. local market conditions:

the market performance of PP in China plastic city is bleak, the price continues to bottom, and the decline intensifies. At present, the market mentality is relatively pessimistic. Both traders and downstream enterprises basically have no intention to prepare goods. The former is weakened by demand and has an enhanced mentality of shipping, while the latter has a low operating rate due to low profits. In the case of falling prices, the wait-and-see mentality is more obvious. 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 10800 yuan/ton

the PP market quotation in Tianjin continued to decline. The market supply is small, and the offer is affected by the reduction of Sinopec's listing price by 500 yuan, which is close to 10000. The demand is poor, and it is difficult to ship. This offer: Daqing T30S offers 10300 yuan/ton; The quotation of TIANLIAN T30S is 10300 yuan/ton, and there are few copolymerized goods, so there is no offer

the offer in Linyi PP market is chaotic, with few new sources of goods, and most retail investors dare not rush to purchase. The market resources used to be dominated by futures sources. Today's latest offer: Zhongyuan T30S does not include tax declaration yuan/ton

the PP market in Nanjing continued to decline. Yangtze has a large amount of resources, low demand and light market transactions. Merchants' offer is mainly based on the price increase of customers. Most traders have no inventory and open when there is a firm offer. The price is up to the customers' the final say. Today's reference offer: Yangzi F401 reported 10200 yuan/ton, copoly j340 reported 10500 yuan/ton, K8003 reported 10700 yuan/ton

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