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Afternoon review of the PP market on October 12

 Last Update: 2022-12-13
 Source: Internet
 Author: User

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Yesterday, the price of the PP market was stable and weak, and the commodity fell sharply, driving the domestic futures market to open low, and the mentality of the spot market was seriously hit, but due to the limited supply of circulating goods, some companies of CNPC and Petrochemical raised the factory price, alleviating the impact of external bearish factors, traders gave limited profits, downstream enterprises wait-and-see, and the transaction performance was flat
.

Local market reference: Tianjin market fell slightly, Ningxia coal 1102K reported 11050 yuan / ton, Shanghai market high finishing, Ningxia Petrochemical T30S reported 11200 yuan / ton, Shantou market price partially fell, Fujian United T30S reported 10400 yuan / ton
.

Today's forecast: Overnight crude oil fell sharply again to hit the mentality, and the PP market is expected to run
weakly today.

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