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June 25 PP market afternoon commentary

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

Tags

low pressure gauge

crude oil composition

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On Friday, the PP market price fell slightly, the range was about 100 yuan, crude oil closed low and polypropylene futures opened low, double bearish blow, the market pressure is obvious, coupled with some companies of CNPC and petrochemical companies to reduce the factory price, traders are pessimistic, accompanied by active profit shipments to clean up inventory, downstream wait-and-see cautious purchase of raw materials, real transactions are mainly
based on negotiations.

Local market reference: Zhengzhou market volatility lower, Hohhot T30S reported 9130 yuan / ton, Hangzhou market weak fall, Shaoxing T30S reported 9180 yuan / ton, Wuhan market volatility weakened, Wuhan Petrochemical T30S reported 9150 yuan / ton
.

Today's forecast: Crude oil closed higher on Friday to boost sentiment, and the decline in PP market prices is expected to moderate
today.

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