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Trade Service
This week, the domestic PP market price volatility is mainly
sorted out.
On Wednesday, the domestic PP market basically maintained volatility, and the mainstream price of the wire drawing market was 7850-8350 yuan / ton
.
On Friday, the domestic PP market was weak and consolidated, and some markets loosened
slightly.
Some petrochemical ex-factory prices have been raised, mostly to make up for the increase
.
PP futures opened high and low, suppressing market sentiment, closing at 7674 yuan / ton
.
As of Friday, the mainstream price of the wire drawing market was 7750-8250 yuan / ton
.
Crude oil: Crude oil prices have been volatile this week
.
Crude oil futures fell on Tuesday (May 30), with WTI crude oil futures closing down 14 cents / barrel at $49.
66 / barrel, down 0.
3%; Brent oil futures also fell 45 cents a barrel, or 0.
9 percent, to $51.
84 a barrel
.
On the day, WTI crude oil briefly touched a level close to $49 / barrel, and Brent oil once approached $51 / barrel
.
Installation: Maoming Petrochemical PP No.
1 (170,000 tons/year) PPB-M09, No.
2 unit (300,000 tons/year) HT9025NX, No.
3 unit (200,000 tons/year) S1003
.
Dushanzi Petrochemical PP old equipment EPS30R in the first line, and 0723F in the second line; The new plant produces the K9928H in the first line and the S2040
in the second line.
Fujian United PP plant old line 120,000 tons/annual output of T30S; The first line of the new plant is 330,000 tons/annual output of 1080K; The second line is 220,000 tons/annual output of 1100N
.
Shaanxi extended the production of EPS30R of the PP1 line of China Coal Yulin Nenghua, and the PP2 line was stopped for minor repair, and the production was normal
.
Petrochemical maintenance units continued to increase this week, and lower market demand supported PP prices
to some extent.
However, from the perspective of PP futures market trends, there is demand
to continue the decline next week.
Overall, PP prices may continue to fall
next week.
