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PP market afternoon review on November 21

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

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Yesterday, some prices in the PP market still fell by about 100 yuan, polypropylene futures opened low and downward, coupled with some companies of CNPC and Petrochemical lowered factory prices, double bearish blows, traders lack confidence in the future market, accompanied by active profit to promote sales, downstream mentality cautious, moderate purchase to maintain their own rigid demand
.

Local market reference: Qilu Chemical City market weak sorting, Shijiazhuang T03 reported 9800 yuan / ton, Nanjing market weak sorting, Fuji S1003 reported 9900 yuan / ton, Guangzhou market prices continued to decline, Daqing refining and chemical T30S reported 10150 yuan / ton
.

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

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