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PP market afternoon review on May 28

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

Tags

oil gas industry

crude oil forecast

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On Friday, the PP market price was weak, polypropylene futures fell slightly, coupled with the reduction of factory prices by individual companies of CNPC and Petrochemical, the lack of favorable stimulation in the market, the general pessimism of the industry, the enthusiasm of traders to ship, the transaction price has more room for negotiation, the downstream purchasing capacity is insufficient, and the digestion speed of the source of goods is slow
.

Local market reference: Beijing market quotation sorting, Ningmei 1102K reported 9100 yuan / ton, Xi'an market narrow finishing, Yanlian T30S at 9000 yuan / ton, Shantou market stable and small, Fujian United 1080K reported 8380 yuan / ton
.

Today's forecast: The sharp drop in crude oil overnight hits the mentality, and the PP market price is expected to remain weak
today.

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