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PP market afternoon review on October 31

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

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Yesterday, the PP market price is still mainly declining, the range is about 100 yuan, crude oil fell and polypropylene futures opened low, coupled with some companies of CNPC and Petrochemical lowered the factory price, the market is full of worries, more traders actively let profit shipments to reduce inventory, downstream wait-and-see in the appropriate amount of purchase on demand, the downward trend of the transaction center of gravity is obvious
.

Market reference in various places: Qilu Chemical City market offer lower, Shijiazhuang T03 reported 10450 yuan / ton, Beijing market quotation fell, Hupec T30S reported 10450 yuan / ton, Xiamen market price lower, Fujian United 1080K reported 10750-10800 yuan / ton
.

Today's forecast: overnight crude oil closed down to hit the mentality, and the PP market is expected to continue to fall
today.

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