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February 27 PP morning review

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

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Yesterday, the PP market price was weak, polypropylene futures fell sharply intraday and some companies of CNPC and Petrochemical lowered their factory prices, which was a double bearish blow, and the industry was pessimistic
.

In addition, after the Spring Festival, the market is in a slow recovery, terminal demand performance is sluggish, most traders follow the market, step by step shipment, transaction price has more room
for negotiation.

PP market price reference: Hebei market Shenhua L5E89 reported 9100 yuan / ton; Changzhou market Fuji S1003 reported 9100 yuan / ton; Xi'an market Yan T30S at 8900 yuan / ton
.

Today's forecast: The PP market is expected to remain weak
today.

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