Analysis on the price of plastic raw material PP o

2022-08-26
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On March 4, the price analysis of plastic raw material PP

I. Market Overview

near the weekend, the rise of PP market slowed down and the market was partially sorted out. Restricted by the rapid rise and high price in the past few days, downstream enterprises lack enthusiasm to enter the market, so the actual transaction is not ideal, which has restrained the market from continuing to rise

II. Brief introduction to the upstream market

crude oil futures prices were mixed on Thursday. The benchmark U.S. crude oil futures on the New York Mercantile Exchange fell 9 cents, or 0.3%, to $34.57 a barrel. Ice Brent crude oil futures rose $0.14, or 0.4 percent, to $37.07 a barrel

on Thursday (March 3), FOB propylene prices in South Korea rose $5 to 614 5 dollars/ton

III. local market conditions

the market price is partially higher, and the transaction is general

the price of PP in Shantou market continues to rise, and the supply of goods is normal. Driven by the rise of petrochemicals, businesses actively followed the rise in shipments. Downstream procurement is cautious, and high price transaction resistance increases

the price of PP in Taizhou market rose continuously. The ex factory price of petrochemicals rose, further strengthening the cost support of the market. PP futures are operating at a high level, and the market mentality continues to improve. Traders follow the trend and report high; Downstream factories are watching carefully, and the market trading atmosphere is light

the price of PP in Quanzhou market continues to rise, and the supply of goods is general. PetroChina Huanan and Sinopec Huanan leave the factory. You can rest assured to know about the relevant data. The price rises, and the merchants follow the rise in shipments. Downstream moderate procurement, trading atmosphere improved

IV. in terms of the latest quotation

it is understood that

1. PetroChina Huadong PP pricing increased, S1003 (Dushanzi) increased by 200 yuan to 6750 yuan/ton, T30S (Daqing Refining and chemical) increased by 200 yuan to 6750 yuan/ton, and T30S (Fushun) increased by 200 yuan to 6750 yuan/ton

3 months later The listing price of PetroChina Southwest PP rose, l5e89 (Sichuan Petrochemical) rose 100 yuan to 6600 yuan/ton, S1003 (Dushanzi) rose 100 yuan to 6650 yuan/ton, and hp500p (Daling) rose 100 yuan to 6700 yuan/ton

the listing price of PetroChina South China PP increased, S1003 (Dushanzi Petrochemical) rose 100 yuan to 6850 yuan/ton, l5e89 (Fushun ethylene) rose 100 yuan to 6850 yuan/ton, and T30S (Dalian organic) rose 100 yuan to 6850 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of PP in the spot of China Plastics Co., Ltd. was mixed, with a range of yuan/ton, of which 1120/was within ± 2% of the set value. The lowest price of Formosa Plastics Ningbo was 7600 yuan/ton (up 100), 2500h/Shenhua Ningmei was 7450 yuan/ton (up 100), bh/langang Petrochemical was 7100 yuan/ton (up 200), f401/Yangzi Petrochemical was 7600 yuan/ton (up 50), Eps30r/Zhenhai Refining and Chemical Co., Ltd. reported a minimum of 7800 yuan/ton (down 700), and v30g/Zhenhai Refining and Chemical Co., Ltd. reported a minimum of 8800 yuan/ton (up 800)

v. future forecast

the ex factory price of petrochemicals continues to rise, increasing the cost support for the source of goods. In addition, the high opening and high going of PP futures has boosted most traders to keep up with the pace and report higher shipments. However, the delivery situation after the price rise is poor, and the downstream firm offer receiving is more cautious, making it more difficult to clinch a deal at a high price. It is expected that the short-term PP market may still have room to rise, but the range is limited

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