The most popular PP market lacked support and fell

2022-08-03
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[PP] the market lacks support and fluctuates and declines.

I. brief introduction to the market

pp market lacks support, and the market continues to fluctuate and decline. The traders are pessimistic and have strong intention to ship. However, the exposed length of the lower ore body is about 88 ~ 1553 meters. The tour manufacturers are facing demand pressure, their willingness to buy is not high, and the overall trading continues to be quiet. The latest domestic wire drawing/injection plastic is RMB yuan/ton, domestic copolymer is RMB yuan/ton, imported copolymer is RMB yuan/ton, and monofilament powder is RMB 11500 yuan/ton

II. Overview of upstream market

the settlement price of light and low sulfur crude oil futures contract delivered in November on the New York Mercantile Exchange fell 55 cents to 4 Tensile test Tensile strength Maxi Li et al. $89.33 per barrel, down 0.6%. London Intercontinental Exchange (ice) November Brent crude oil futures settlement price fell 20 cents to $111.82 a barrel, down 0.2%

8 Far East propylene: FOB Korea USD/ton, down 2 USD/ton compared with the previous trading day

III. local market prices

the high price of PP powder in the market fell slightly, the trading atmosphere was general, the enthusiasm of the operators to enter the market after the festival was obviously not high, and the delivery of goods was slightly flat. Watch carefully for future market makers

the PP market quotation in Hangzhou declined, and the actual transaction can be negotiated. Wire drawing: Zhenhai T30S reported yuan/ton, Sanyuan T30S reported yuan/ton, Panjin T30S reported 11650 yuan/ton. Special materials: Lanhua j701 reported RMB/ton, Zhenhai EPS30R reported RMB/ton, epc30r reported RMB 11750/ton, Yanshan k7726h reported RMB 12300/ton, SECCO s2040 reported RMB 11900/ton

the PP market quotation in Tianjin fell slightly, and the atmosphere was poor. The market resources of wire drawing materials are general. Panjin T30S reports yuan/ton, Shenhua l5e89 reports 11600 yuan/ton, and Datang l5e89 reports 11650 yuan/ton. Quotation of special materials: ep300h is short, ep548r is short, b8101 is quoted at 12450 yuan/ton, k7726 is quoted at 12200 yuan/ton, 4912 is quoted at 12300 yuan/ton for pre-sale, b4808 is quoted at 12300 yuan/ton, Dushanzi EPS30R is short, h9018 is quoted at 11850 yuan/ton, y24 is quoted at 11650 yuan/ton for factory pick-up, 500N is short, Dushanzi 8003 is quoted at 12000 yuan/ton, Panjin PA14D is quoted at 12600 yuan/ton, and the actual transaction is negotiated

the PP market price in Shantou fell slightly. Fulian T30S, 1080k, 501s, Daqing t improved the tensile strength, flexural strength, flexural modulus and impact strength of the composite at the same time. 30s, 1102k, Guangxi l5e89, Panjin T30S and Panjin T30S were reported to be 11000 yuan/ton, 10950 yuan/ton, 10900 yuan/ton and 11000 yuan/ton respectively. Special materials: About 10800 yuan/ton for 1100n, 11350 yuan/ton for ht9025nx, 10850 yuan/ton for Hainan v30g, 10850 yuan/ton for Hainan Z30S, 11000 yuan/ton for K8003 and 10900 yuan/ton for Dalian z69s

IV. the latest quotation

1. Petrochemical quotation

Lanzhou Petrochemical 300000 t/a PP new unit produces T38F; 50000 tons/year old unit production F401. The listing price of drawing t30s/f401 of Northwest Sales Company is 11600 yuan/ton, down 100 yuan/ton. The inventory is general, and the sales situation is OK. The listing price of drawing T30S of PP Northwest Sales Company of Qingyang Petrochemical is 11400 yuan/ton, down 100 yuan/ton. The inventory is general, and the sales situation is acceptable

the domestic listing price of drawing t30s/s1003 of Dushanzi Petrochemical PP PetroChina sales Northwest branch is 11600 yuan/ton, down 100 yuan/ton, the domestic listing price of eps30r/k8003 is 12300 yuan/ton, and the material dy-zk0640p is out of stock. The inventory is average, and the sales situation is OK

2. As of 15:00 p.m., some brands of China Plastics Co., Ltd. spot PP had been mixed, with a range of yuan/ton. Among them, bl/langang Petrochemical lowest reported 11800 yuan/ton (down 350), f401/Panjin Ethylene lowest reported 12000 yuan/ton (down 100), h110ma/India Xincheng lowest reported 11680 yuan/ton (up 30), m1600/Korea Hyundai lowest reported 12200 yuan/ton (up 200), rp344r/Korea Dalin lowest reported 13050 yuan/ton (down 50), t30s/Zhenhai Refining and chemical lowest reported 11700 yuan/ton (down 50)

v. future forecast

the downstream continues to purchase on demand, and the intention to receive goods is not high. However, the traders' shipping mentality is still strong, and the lack of buying gas in the market is difficult to improve. In addition, the recent continuous decline of individual and external markets has also had a great impact on the market mentality. It is expected that the PP market may still decline slightly in the short term

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