The hottest spot PP market of China Plastics on De

2022-10-02
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On December 25, China Plastics spot PP market brief

China Plastics price index fell 0.42 points to 735.4 points, and China Plastics spot index rose 0.17 points to 891.22 points

I. upstream express:

crude oil futures closed lower on Wednesday, after a larger than expected increase in U.S. fuel inventories, suggesting continued weak demand. The oil price was depressed and the market was light. The settlement price of February light sweet crude oil futures contract on the New York Mercantile Exchange fell $3.63, or 9.3%, to $35.35 a barrel. The settlement price of February Brent crude oil futures contract on the London Intercontinental Exchange fell $3.75 to $36.61 a barrel

II. Manufacturer dynamics:

Yanshan Petrochemical PP Yiju produces k1712; In order to cooperate with the production reduction, dimer has stopped the car since November 5, and has not yet started the car; Trimer k8303

the new organic PP plant in Dalian produces T30S. The 70000 ton old plant is shut down, and another 5-ton old plant continues to shut down. There is no start-up plan for the time being

Maoming Petrochemical PP plant line 1 is converted to EPC30R-H and line 2 is converted to n-t30s

f800e produced by 1pp unit of Shanghai Petrochemical; 2PP device will continue to stop using accurate testing machine this month; 3PP device is converted from m2600r to y2600

III. local market conditions:

the PP market in China Plastic City remained weak, and the market volatility fell, ranging from yuan/ton. At present, the overall atmosphere of the market is poor, there is no sign of improvement in downstream demand, and the intention to receive goods is weak. The volume of traders and the savings of 75% in new buildings are extremely high. Short term operations, transactions are mainly sporadic. 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 7400 yuan/ton

the current price of PP in Tianjin is very low. As crude oil continues to fall, the market bears obvious atmosphere. Some middlemen and downstream enterprises are busy with year-end settlement, and some downstream enterprises have decided to start a holiday in January, which has a certain impact on demand. In early trading, EPS30R has a commercial direction key to move the focus to the position requiring correction. Press the confirm key to enter the status. The intention of home is about 7100 yuan/ton, and the wire drawing is slightly lower. The actual transaction is a single negotiation

the PP market in Nanjing is weak, and the sharp decline in oil prices has increased traders' worries about the future market. Some merchants have stepped up shipments, but due to limited resources, the market quotation fluctuates little; The mainstream quotation of F401 is yuan/ton, and that of T30S is yuan/ton. There are not many buying orders, and the transaction is general; There are few resources of copolymers. The quotation of K8003 is about 7400 yuan/ton, and the quotation of EPS30R is about 7500 yuan/ton

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