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On Friday, the main contract of PP futures on the Dalian Commodity Exchange 2105 opened at 7950 yuan / ton, closing at 7977 yuan / ton, up 81 yuan / ton, or 1.
03%,
from the previous day's settlement price of 7896 yuan / ton.
During the day, the market price of polypropylene was mixed, the petrochemical factory price was partially raised, the market cost support was strengthened, the futures opened high and fluctuated, to a certain extent to boost the confidence of the industry, traders offered a narrow range, some had a small increase, downstream factories wait-and-see mentality is not reduced, on-demand procurement
.
In the short term, the current upstream petrochemical inventory level is higher than the same period last year, but it still maintains a good destocking rhythm in recent days, and the inventory pressure is average
.
In terms of demand, with the approach of the Spring Festival holiday and the impact of the epidemic, the average operating rate of the overall downstream industry has decreased slightly, and the increase in terminal orders is limited
.
It is expected that PP will continue to be slightly sorted out in the future
.
