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July 9 PP market afternoon commentary

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

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On Friday, the PP market price was weak and loose, the range was about 50 yuan / ton, crude oil closed down and polypropylene opened sharply lower, double bearish blow, the industry is pessimistic, the real market is mainly wait-and-see, the current supply of wire drawing in the field is acceptable, but the copolymer is small, at the same time, the factory price of some companies of CNPC and petrochemical is stable, supporting the cost of supply, the transaction price is limited to move down, and the downstream factory insists on buying
as you go.

Reference of market conditions in various places: Linyi market quotation sorting, Shenhua Yulin S1003 reported 9100 yuan / ton, Shanghai market volatility weakened, Daqing T30S reported 9450 yuan / ton, Ningbo market volatility weakened, Fuji S1003 reported 9050 yuan / ton
.

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

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