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March 13 PP market morning review

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

Tags

names oil companies

petrochemical

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Yesterday, PP market prices fell slightly, crude oil rose to boost the mentality, but polypropylene futures fell sharply, and some companies of CNPC and Petrochemical lowered factory prices, the market bearish factors dominated, traders increased enthusiasm for shipments, downstream active willingness to receive goods is not high, the overall transaction performance is flat
.

Market price reference: Hebei market offer downward, Shenhua L5E89 reported 8650 yuan / ton; Nanjing market shock sorting, Fuji S1003 reported 8900 yuan / ton; Ningbo market volatility sorting, Fuji S1003 reported 8800 yuan / ton
.

Today's forecast: Petrochemical cost support weakened, and the PP market is expected to continue to move lower
today.

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