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The PP market continued to be weak, and some products fell by about
50 yuan / ton.
Futures opened higher in the morning and had limited impact on market sentiment, and some petrochemical plant prices were lowered yesterday, and cost support was loosened
.
Traders have a bearish attitude, maintain low inventory operations, and actively let out profitable shipments
.
The downstream factory has a strong wait-and-see atmosphere, continues to purchase on demand, and the market is generally
trading.
The mainstream price of wire drawing in North China market is 9800-9900 yuan / ton, the mainstream price of wire drawing in East China market is 9900-10000 yuan / ton, and the mainstream price of wire drawing in South China market is 10050-10200 yuan / ton
.
PP prices in North China were weakly adjusted, with price reductions ranging from
50-200 yuan / ton.
Crude oil prices fell sharply, upstream propylene trend was sluggish, and the market was bearish
.
Traders let profits go to inventory, factories purchase on demand just need to be transacted, real negotiation
.
PP prices in South China are adjusted in a narrow range, with a range of about
50-100 yuan / ton.
Yesterday's fall in crude oil led to a strong wait-and-see atmosphere in the market, suggesting traders to continue the rhythm of on-demand procurement and negotiate in real terms
.
PP prices in East China adjusted slightly, futures rose, but the spot market performance was average, the mentality of the industry was not good, traders shipped with them, and factories mainly purchased on demand
.
PP prices in central China partially declined
.
Futures were higher in the morning, spot quotes partially stabilized, and some still fell
slightly.
Traders actively ship goods and negotiate with real orders
.
PP prices in the southwest region fell
narrowly.
The rebound in early futures did not give the market a limited boost, and market quotations still fell
slightly.
Downstream on-demand procurement, real negotiation
.
PP prices in the northwest region are weak and downward
.
A small number of downstream terminals just need to take over, and the real market is flat
.
PP prices in the northeast fell
slightly.
CNPC lowered the factory price, traders followed the decline, and the real negotiation was the mainstay
.
