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February 23 PP morning review

 Last Update: 2022-12-08
 Source: Internet
 Author: User

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On the last trading day before the holiday, polyolefin (PP) rose strongly, in line with the statistical law
of the past 10 years.

During the Spring Festival, crude oil prices rebounded, and ethylene and propylene monomer prices did not fluctuate much
.
The price of PP Far East fell slightly by $10 to $1205/mt
.

Considering the return of the Spring Festival holiday, considering the accumulation of inventory and the increase in sales pressure, it is recommended to wait and see and pay close attention to the digestion of spots
.

It is expected that today's spot price in North China linear is about 9400 yuan, and East China wire drawing PP9150 yuan / ton
.

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