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PP market afternoon review on March 14

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

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Yesterday, the PP market price continued to fall, the range was 50-100 yuan / ton, crude oil fell and polypropylene futures opened low, the mentality of the industry was not good, individual companies of CNPC and Petrochemical lowered the factory price, the market was short of good news, traders actively let profits facilitate the transaction to reduce inventory, downstream factories have returned to normal, but demand has not been fully released, and the real transaction follow-up is insufficient
.

Market price reference: Shanghai market weak downward, Fuji S1003 reported 8750 yuan / ton; Chengdu market price is lower, Ningmei 1102K reported 8650 yuan / ton; The market price in Guangzhou was continuously lowered, and Fujian United T30S reported 8950 yuan / ton
.

Today's forecast: The PP market is expected to continue to weaken
today.

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