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In this issue (July 29 to August 4), WTI crude oil futures prices rose first and then fell, and plastic futures remained volatile and weak as a whole
.
Down-season demand continued to be superimposed on the downward trend of futures, and low-price transactions in the spot market were evident
At present, the favorable market support is mainly manifested in the low inventory and cost support caused by the decline in maintenance
.
As domestic coal mines resume production and the temperature in the north gradually drops, power supply is expected to gradually stabilize
PVC weak shocks problem of electricity supply is tight in Inner Mongolia is expected to ease the cost of possible loose end support, combined with futures fell, lack of business confidence, with multi accompanying shipments fall, the current spot market down slightly
.
Downstream bargain-hunting moderately replenished goods, and transactions improved month-on-month
PVC weak shock PVC weak shock
PP is weak and narrow-key.
The futures market fluctuates and the ex-factory prices of petrochemical companies are partially loosened.
Traders offer to follow the market with active shipments, and the purchase intentions of downstream factories are mediocre
.
As of the end of the period, the mainstream quotation of domestic wire drawing materials was 8270~8500 yuan, down 50 yuan from the previous period
PP weak narrow tone PP weak narrow tone
LLDPE fell slightly.
LLDPE futures were weak and fluctuating.
The ex-factory prices of petrochemical companies were partially lowered.
Traders reported a small drop.
Downstream factories focused on just-needed purchases
.
As of the end of the period, the mainstream domestic LLDPE quotations ranged from RMB 8050 to RMB 8,450, down RMB 50 from the previous period
LLDPE fell slightly LLDPE fell slightly
(China Plastic Price Index Research Center)
