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    Home > Chemicals Industry > New Chemical Materials > PP market continues to be weak The market lacks favorable support

    PP market continues to be weak The market lacks favorable support

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    The PP market continued to be weak, and some prices fell by about
    50 yuan / ton.
    Most petrochemical ex-factory prices are stable, which has formed a certain cost support
    for the market.
    Futures fluctuated at a low level, still suppressing
    the spot market.
    Traders did not ship smoothly, and some quotations loosened
    slightly.
    Downstream factories are currently under-operating and the market is trading flat
    .

    PP

    Today, the mainstream price of wire drawing in North China market is 8900-9050 yuan / ton, the mainstream price of wire drawing in East China market is 9000-9100 yuan / ton, and the mainstream price of wire drawing in South China market is 9100-9250 yuan / ton
    .

    PP prices in North China are weak and consolidated, and the supply of goods is average
    .
    Merchants actively ship to seek transactions, and there is no lack of small concessions
    .
    The actual procurement of downstream factories is cautious, and the trading atmosphere is weak
    .

    The PP part in South China continued to weaken, and the supply of goods was average
    .
    The market lacks favorable support, and merchants slightly let out profitable shipments to seek transactions
    .
    The downstream factories are not doing well, and the market trading atmosphere is weak
    .

    PP prices in East China are weakly adjusted, the market lacks favorable support, some enterprises have greater inventory pressure, mainly active shipments, and some transaction prices have room
    for negotiation.

    PP prices in central China loosened
    slightly.
    The ex-factory price of petrochemicals remained stable, which formed a certain cost support
    for the market.
    Futures were volatile in a wide range, dealing a blow
    to market sentiment.
    Traders accompanied the shipment, the downstream factory has not yet resumed work, and the market wait-and-see atmosphere is strong
    .

    PP prices in the southwest region were partially loosened and slightly reduced
    .
    Futures fluctuated at a low level, which gave limited boost to the market, and traders partially gave profits to actively ship
    .
    Downstream factories are currently under-operating and the market is trading flat
    .

    PP prices in the northwest region are weak.

    Futures fluctuated at a low level, and traders followed the market, adjusting quotations
    slightly according to their own inventory.
    Downstream factories have resumed operation one after another, and the current demand is flat and the transaction is average
    .

    PP in the northeast region is moving
    steadily.
    Petrochemical ex-factory prices are stable, and the cost support for the market has weakened
    .
    Futures are volatile in a wide range and have limited
    impact on market sentiment.
    Traders ship with them, downstream factories have not yet reworked, and the market trading atmosphere is light
    .

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