Hottest price of plastic raw material PP on may12,

2022-07-30
  • Detail

Analysis on the price of plastic raw material PP on May 12, 2016

I. brief introduction to the market

poor turnover PP market remained light, with local market ups and downs. Although the international oil price rebounded in recent days, the lack of demand follow-up affected the mood. Traders mostly shipped flexibly according to their own conditions

the second share reached more than 60%. Brief introduction to the upstream market

on Wednesday, the international oil price soared. The settlement price of WTI crude oil futures delivered in June on the New York Mercantile Exchange (NYMEX) rose by $1.57 to $46.23 a barrel. The settlement price of Brent crude oil futures on the London Intercontinental Exchange (ice) in July rose by $2.08 to $47.60 a barrel, up 4.6%

on Wednesday (May 11), the FOB propylene price in South Korea fell by $3 to 694 5 dollars/ton

III. local market conditions

market prices are sorted out, and the transaction is average

the price of PP in Quanzhou market was slightly higher, and the supply of goods was normal. The high opening and high going of futures boosted the confidence of merchants, and merchants tried to sell the high report. The downstream factories shall purchase moderately and mainly through negotiation

the price of PP in Xiamen market is higher, the quantity of goods circulating in the market is not large, and the merchants mainly report high prices, so the transaction can be negotiated

the price of PP wire drawing in Chongqing market rose, and the high price transaction was not smooth, so the factory purchased on demand

IV. the latest quotation

1. Petrochemicals quotation

the listing price of PetroChina Huadong PP increased. T30S (Daqing Refining and chemical) rose by 100 yuan to 6800 yuan/ton, 1102k (Jinxi Petrochemical) rose by 150 yuan to 6800 yuan/ton, and l5e89 (Fushun) rose by 150 yuan to 6800 yuan/ton

the listing price of PetroChina South China PP was raised. T30S (Dalian organic) rose 150 yuan to 6950 yuan/ton, S1003 (Dushanzi Petrochemical) rose 150 yuan to 6950 yuan/ton, and l5e89 (Sichuan Petrochemical) rose 100 yuan to 6900 yuan/ton

the listing price of some PP in PetroChina northwest increased. T30S (Lanhua) increased by 100 yuan to 6600 yuan/ton, T30S (Ningxia) increased by 100 yuan to 6500 yuan/ton, and S1003 (Dushanzi) increased by 100 yuan to 6550 yuan/ton

2. Mall quotation

as of 15:00, the quotations of some brands of China Plastics' spot PP were mixed, with a range of yuan/ton, of which 3080/Formosa Plastics Ningbo was the lowest reported at 9000 yuan/ton (up 480), f401/Panjin Ethylene was the lowest reported at 7200 yuan/ton (down 200), j340/Yangzi Petrochemical was the lowest reported at 8200 yuan/ton (up 200), and k4912/Shanghai Secco was the lowest reported at 9200 yuan/ton (down below 20). We analyzed several equipment failures 0, K9928h/Dushanzi Petrochemical Co., Ltd. reported a minimum of 8250 yuan/ton (up 50), m800e/Shanghai Petrochemical Co., Ltd. reported a minimum of 9400 yuan/ton (up 320), t30s/Zhenhai Refining & Chemical Co., Ltd. reported a minimum of 7700 yuan/ton (down 100), and t30s/Shaoxing Sanjin petrochemical Co., Ltd. reported a minimum of 7000 yuan/ton (up 100)

v. future forecast

crude oil and PP futures rebound. In addition, most of the surrounding PP markets have stopped falling, and some have been slightly higher. Therefore, it is estimated that the decline of PP market will gradually slow down due to this boost in the city in the short term

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