Brief introduction to the spot PP market of China

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On November 5, the China Plastics price index fell 12.47 points to 733.3 points, and the China Plastics spot index fell 3.28 points to 937.17 points

I. upstream express:

international oil prices continued to fall in the Asian and London trading stage, and Brent crude oil futures fell below $59 a barrel, the lowest level in 20 months. However, in the New York trading stage, on the US election day, investors bet that the global interest rate cut and the thaw of the credit market will activate economic growth, and the US dollar suffered a sharp fall against the euro, the largest linear outflow decline in a single day since the euro was listed in 1999. Affected by this, the international oil price fell sharply, and the crude oil futures in New York broke through $71 at one fell swoop, with an intraday oscillation of $9.50. At the close, the December futures of West Texas light oil on the New York Mercantile Exchange were $70.53 a barrel, up $6.62 from the previous trading day, with a trading range of 62 $77; London Intercontinental Exchange Brent crude oil December futures were $66.44 a barrel, up $5.96 from the previous trading day, with a trading range of 58 76 dollars

II. Manufacturer dynamics:

Tianjin United PP plant stopped in the early morning of September 28, and the start-up time is to be determined. Listing price: T30S at 7000 yuan/ton, copolymer EPS30R at 7700 yuan/ton

Maoming Petrochemical's line 1 polypropylene produces EPC30R-H, and line 2 polypropylene is converted to n-mphm160. The manufacturer's inventory is high

Shanghai Petrochemical 1pp gm1600e; Dimer continues to shut down and trimer switches to T300. Some ways have been found

the PP unit of Lanzhou Petrochemical plans to produce T30S today. The old plant was shut down due to insufficient raw materials on June 10, 2008. The temporary test items were relatively fixed and there was no start-up plan

III. local market conditions:

the weakness of PP market in China plastic city is still difficult to control, and the price continues to fall, but the decline has obviously converged. As there is no sign of improvement in the sluggish terminal demand, downstream enterprises continue to purchase as needed step by step; Traders have a pessimistic mentality, basically no enthusiasm for receiving goods, and follow the market for short-term operation. 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 PP market quotation in Tianjin continued to decline. The market supply is small, and the rise of crude oil has little impact on the market. Traders are mainly active in shipping. There are few inquiries and the transaction is not smooth. Current price: Daqing T30S is quoted at 6400 yuan/ton; The quotation of TIANLIAN T30S is RMB/ton; There are few copolymers, and PetroChina EPS30R offers at yuan/ton

the PP market quotation of Qilu Chemical City fell. There are few goods in the market, and the rise of crude oil has little impact on the market. The morning shipment is not smooth, the demand is low, and there are few transactions. Qilu Petrochemical has few wire drawing goods and no offer. This is the first large-scale professional selection activity with the theme of "green automotive materials/products" in China. Some businesses in Qingdao offer 6300 yuan/ton for wire drawing, while there are few goods in Daqing. Qilu copolymerization goods are few. Daqing EPS30R is quoted at yuan/ton; Qilu SP179 is quoted at yuan/ton

the PP market in Nanjing has stopped falling and stabilized, and there are still few transactions, and most businesses are not optimistic about the future market. Latest offer: Yangzi F401 is quoted at 6500 yuan/ton, and copoly j340/k8003 is quoted at about 7350 yuan/ton

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