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March 12 PP market morning review

 Last Update: 2022-12-09
 Source: Internet
 Author: User

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On Friday, the PP market price fell slightly by about 100 yuan, crude oil fell sharply and polypropylene futures opened low, hitting the mentality, coupled with some companies of CNPC and Petrochemical lowered factory prices to reduce inventory, the supporting role of supply costs weakened, traders accompanied by active profit shipments to reduce positions, downstream factories have started production, but the willingness to actively purchase raw materials is not high
.

Local PP market reference: Tianjin market continued to decline, Ningmei 1102K reported 8750 yuan / ton; The Shanghai market is weak and downward, and Fuji S1003 is reported at 8850 yuan / ton; Chongqing market prices continued to fall, Sichuan L5E89 reported 8750-8800 yuan / ton
.

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

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