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PP market afternoon review on October 30

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

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Yesterday, the PP market price continued to fall, with a range of 50-100 yuan / ton
.
Polypropylene futures fell back in shock, the mentality of the industry dragged down obviously, petrochemical continued to reduce the factory price, cost support weakened, traders mainly shipped, quotations continued to fall
intraday.
Downstream factories maintained necessary purchases, and the situation of poor transaction did not improve
.

Market reference: Ningbo market prices continue to fall, Zhenhai Refining T30S reported 11200 yuan / ton; Shantou market price down, Hainan refining V30G reported 10280 yuan / ton; The Zhengzhou market fell weakly, and Dushanzi K8003 reported 11200 yuan / ton
.

Today's forecast: lack of favorability, it is expected that today's PP market price will continue to fall intraday.

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