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PP market afternoon review on May 16

 Last Update: 2022-12-10
 Source: Internet
 Author: User

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Yesterday, the PP market price was mainly consolidated, some slightly lower 50 yuan / ton, polypropylene futures opened low, hit the mentality, but CNPC and petrochemical factory prices are stable, still constitute a certain support for the cost of supply, traders with shipments mostly, downstream factories with use and purchase, real transactions are mainly
based on negotiations.

Local market reference: Shanghai market weak and volatile, Daqing T30S reported 9500 yuan / ton; The Hangzhou market rose slightly, and Shaoxing T30S reported 9250 yuan / ton; Chongqing market price sorting, Sichuan L5E89 reported 9150-9200 yuan / ton
.

Today's Forecast: It is expected that today's PP market price will be narrow.

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