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PP market afternoon review on November 14

 Last Update: 2022-12-13
 Source: Internet
 Author: User

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Yesterday, the PP market price continued to fall by 100 yuan, polypropylene futures opened low, coupled with the reduction of factory prices by individual companies of CNPC, the pessimism of the industry is obvious, traders are worried about the future market aggravated, accompanied by active profit shipments, downstream in the buying up not buying down psychological effect, wait and see a small amount of purchase to maintain rigid demand
.

Local market reference: Beijing market quotation fall, Hupec T30S reported 10,000 yuan / ton, Chongqing market price is low, Sichuanhua L5E89 reported 10,050 yuan / ton, Xiamen market price is lower, Fujian United T30S reported 10,900 yuan / ton
.

Today's forecast: Overnight crude oil plunge hit the mentality, and the PP market is expected to continue to be weak
today.

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