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PP market afternoon review on October 24

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

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oil future

catalysis today

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Yesterday, the PP market price was weak to sort out, individual still slightly reduced by 50-100 yuan / ton, polypropylene futures opened low and some companies of CNPC and petrochemical lowered the factory price, double bearish blow, the market industry is pessimistic, traders are short in the future market expectations, the real market actively let profit shipments, downstream enterprises wait and see in the use of purchase
.

Local market reference: Qilu Chemical City market fell slightly, Shijiazhuang T03 reported 10800 yuan / ton; Changzhou market weak consolidation, Yanlian T30S reported 10900 yuan / ton; The Guangzhou market fell weakly, and Daqing Refining and Chemical T30S reported 11,000 yuan / ton
.

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

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