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July 30 PP market afternoon commentary

 Last Update: 2022-12-11
 Source: Internet
 Author: User

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On Friday, the PP market ran high, crude oil closed higher and polypropylene futures opened high, the mentality of the industry was acceptable, but the intraday trend of futures showed a downward trend, the impact on the market was limited, near the end of the month, some traders actively let profits to promote sales, downstream factories insisted on on-demand procurement, and the overall transaction performance was lukewarm.

Reference of local market conditions: Changzhou market shock sorting, Yanlian T30S reported 9550 yuan / ton, Xi'an market is stable and small, Shenhua S1003 at 9280 yuan / ton, Guangzhou market price partially fell, Guangxi Qinzhou L5E89 reported 9500 yuan / ton
.

Today's forecast: It is expected that the PP market price will stabilize today
.

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