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PP market afternoon review on March 20

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

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Yesterday, PP market prices continued to fall, individual slight rise, although crude oil rose sharply, boosting the mentality, but polypropylene futures opened low, and CNPC and petrochemical individual companies lowered factory prices, bearish dominance, worries in the market are pervasive, traders actively let profit shipments to reduce their own inventory, downstream active willingness to receive goods is not high, real transactions are mainly
negotiated.

Market price reference: Linyi market has not changed much, Shenhua Yulin S1003 reported 8650 yuan / ton; Hangzhou market weakness declined, Sanjin T30S reported 8670 yuan / ton; The Guangzhou market is stable and small, Guangxi Qinzhou L5E89 reported 8900 yuan / ton
.

Today's Forecast: The PP market is expected to continue to retreat
today.

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