Analysis on the price of plastic raw material PP o

2022-08-17
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On January 26, the price analysis of plastic raw material PP

I. brief introduction of the market

the overall market of PP market is stable, and part of it depends on the amount of resources. As the Spring Festival approaches, downstream factories will be shut down and have holidays in succession, and the actual procurement volume shows a decreasing trend, which has a significant impact on the market mentality. Most traders maintain low position operations and mainly operate in short-term operations

II. Brief introduction to the upstream market

the price of crude oil futures fell on Monday. The settlement price of WTI light and low sulfur crude oil futures delivered in March on the New York Mercantile Exchange (NYMEX) fell by $1.85 to $30.34/barrel, down 5.7%. London Intercontinental Exchange (ice) global benchmark Brent crude oil futures settlement price fell $1.68 to $30.50/barrel, down 5.2%

on Monday (January 25), the FOB propylene price in South Korea remained stable at 559 5 dollars/ton

III. local market conditions

market prices are stable and small, and transactions are general

the price of PP in Shantou market changes little, and the supply of goods is normal. The market lacks clear positive support, and merchants continue to ship with them. Downstream purchase on demand, mainly through negotiation

the price of PP in Chongqing market rose slightly, with less goods and less quotations. The ex factory price of PetroChina Southwest rose, which gave a certain boost to the spot. Traders followed the rise in shipments, and the transaction was average

the PP price in Shunde market was adjusted in a narrow range, and the supply of goods was general. In the petrochemical industry, a tension machine is mainly supported by the stable price of machinery and electricity, and the merchants ship with them to promote the transaction. Downstream on-demand procurement, a single deal

IV. the latest quotation

1. Petrochemical quotation

PetroChina South China PP pricing is stable, S1003 (Dushanzi Petrochemical) is reported at 6500 yuan/ton, l5e89 (Sichuan Petrochemical) is reported at 6450 yuan/ton, and v30g (Daqing Refining and chemical) is reported at 6650 yuan/ton

the pricing of PetroChina northeast PP is stable, with l5e89 (Fushun Petrochemical) at 6200 yuan/ton, T30S (Daqing Petrochemical) at 6300 yuan/ton, and T30S (Daqing Petrochemical) at 6300 yuan/ton

the pricing of PetroChina East China PP increased, l5e89 (Sichuan) increased by 50 yuan to 6250 yuan/ton, S1003 (Dushanzi) increased by 50 yuan to 6300 yuan/ton, T3 spodumene mines in China are mainly distributed in 4 Sichuan Ganzi, ABA, Hotan, Altay and other places in Xinjiang, 0s (Daqing Refining and chemical) increased by 50 yuan to 6300 yuan/ton

2. Mall quotation

as of 15:00, the quotations of some brands of PP in the spot of Sinochem were mixed, with a range of yuan/ton, of which 1120/Formosa Plastics Ningbo was the lowest reported 7300 yuan/ton (down 200), k7726h/Yanshan Petrochemical was the lowest reported 9800 yuan/ton (up 900), k8003/Baofeng energy was the lowest reported 7150 yuan/ton (down 50), m800e/Shanghai Petrochemical was the lowest reported 8200 yuan/ton (up 50), t30s/Ningbo Heyuan was the lowest reported 6350 yuan/ton (up 50), T30s/Zhenhai Refining and Chemical Co., Ltd. reported a minimum of 6500 yuan/ton (down 50)

v. future forecast

with the downstream enterprises stopping for holidays one after another, the situation of trading deadlock has become increasingly prominent. In addition, the overall performance of the upstream market is weak. It is expected that the PP market will not improve much before the year, and the market is likely to remain volatile. What are the advantages of the rubber fatigue testing machine and the operating steps of the equipment

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