Brief introduction to the spot PP market of China

On August 14, China Plastics spot PP market brief

China Plastics price index rose 21.75 points to 1335.27 points, and China Plastics spot index rose 5.78 points to 1314.1 points

I. upstream express:

on Wednesday, the United States announced a comprehensive decline in crude oil and refined oil inventories, and crude oil futures in Europe and the United States surged instantly. Crude oil futures in New York broke through $117 a barrel, with an intraday amplitude of more than $4.50. At the close of Wednesday, West Texas light oil September futures on the New York Mercantile Exchange were $116 a barrel, up $2.99 from the previous trading day, with a trading range of 112 $46; September Brent crude oil futures on the London Intercontinental Exchange were $113.47 a barrel, up $2.32 from the previous trading day, with a trading range of 111 93 dollars

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant produces k4912; Dimer production pipe material ppr4220; Trimer produces b8101

the T30S produced by Tianjin United PP plant is scheduled to be overhauled for about 20 days on September 20. PP has a large inventory and continues to be listed for sale. The latest listing price: T30S at 12700 yuan/ton, EPS30R at 13300 yuan/ton. The recent sales situation is not good

yesterday afternoon, Maoming Petrochemical shut down its No.1 high-voltage production, No.2 high-voltage/no.1 polypropylene/no.2 butadiene due to power shaking fault. Today, line 1 polypropylene production T30S and line 2 polypropylene are shut down for maintenance, and are ready to start today. Too much inventory

Qilu Petrochemical's latest listing price of PP today: T30S price is 12700 yuan/ton. In 1330, 2018, the amount of imported waste paper of EPS30R decreased by 34% 0 yuan/ton, that of copolymerized eps30ra was 13300 yuan/ton, that of automobile special material SP179 was 13300 yuan/ton, and that of qp83n and qp73n was 13300 yuan/ton. The manufacturer's inventory is general, and the Japanese mainstream is 2.5 ~ 2.7mm, and the sales are slightly poor. It is reported that the PP plant stopped on the 11th and is scheduled to start in a week

III. local market conditions:

the market atmosphere of PP in China plastic city has warmed up, the market has stopped falling and rebounded, and the range is basically between yuan/ton. However, the overall transaction has not been followed up, and it is still light on the whole. The main reason is that some traders continue to be bearish on the aftermarket. At the same time, although there are many inquiries from downstream factories, their purchase intention is not strong. 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 12500 yuan/ton

the Shanghai PP market continued yesterday's good atmosphere today, and the quotation rebounded. Gold in the warehouse receipt market rose by the limit tomorrow, and market confidence was encouraged. The enthusiasm of retail investors has been mobilized to a certain extent, and the factory is slightly calm in comparison. The seller partially closed the offer, and the quotation of the shipper was chaotic

the supply of PP market in Linyi is small, the atmosphere of inquiry and transaction is all right, the traders have a good mentality, the shipment is smooth, and some merchants have closed their offers for rise. The latest market offer: the quotation of Zhongyuan T30S excluding tax is 12000 yuan/ton, which is bullish in the future

in Beijing PP market, considering the petrochemical flop, merchants are confused in pricing, the quotation is slightly chaotic, and the downstream receiving volume is small and the price is low. Although many merchants ship goods, they have paid close attention to the introduction of the flop price recently, and the purchase intention has warmed up today

note: this reprint is for the purpose of transmitting more information. It will not officially enter Italy in October. 2.1 formulation means to agree with its views or confirm the authenticity of its content