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June 26 PP market afternoon commentary

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

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Yesterday, the PP market was weak, the price fell by 50 yuan / ton, polypropylene futures fluctuated widely, and the market guidance did not play much, coupled with the fact that individual manufacturers of CNPC and Petrochemical lowered the factory price, the industry was pessimistic, and the goods were more merchants with profits to facilitate the transaction, and the downstream resisted high-priced goods, and the trading volume was concentrated in rigid demand
.

Local market reference: Hangzhou market weakness fall, Shaoxing T30S reported 9120 yuan / ton, Ningbo market volatility weakened, Fuji S1003 reported 8980 yuan / ton, Xi'an market weak downward, Yanlian T30S at 9050 yuan / ton
.

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

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