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PP market fluctuations in a narrow range Locally affected by petrochemical increases, slightly supplemented by the increase

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

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The main trend of PP fluctuated in a narrow range, and it was slightly supplemented
by the impact of petrochemical increases.
The low opening volatility of morning futures inhibited the continued high sentiment of spots, but due to the small supply of market circulation and the continued upward support of petrochemicals, traders were not willing to cut quotations
.
The terminal just needed to be acceptable, but the wait-and-see atmosphere raised its head again, and the real transaction was slightly weaker than the previous two days
.

The mainstream price of wire drawing in North China market is 11000-11100 yuan / ton, the mainstream price of wire drawing in East China market is 11050-11150 yuan / ton, and the mainstream price of wire drawing in South China market is 11200-11300 yuan / ton
.

PP prices in North China adjusted slightly, and some still increased slightly
.
Futures are weak today, and factory purchasing enthusiasm is not high
.

The price of PP in South China is narrowly sorted, and the supply is general
.
Petrochemical stabilized prices, cost support was strong, futures high volatility boosted market confidence, traders continued to overreport shipments
.
Downstream factories and terminals are purchased on demand, and real negotiations are the mainstay
.

PP prices in East China adjusted slightly, and mainstream prices did not change much
.
Futures were lower and trading sentiment in the spot market was lighter
.

PP prices in central China have moved steadily, and the supply of some sources is still tight
.
Futures volatility rose to boost market confidence, petrochemical prices stabilized, cost support was strong, traders continued to slightly overreport, accompanying shipments
.
Downstream factories purchase on demand, and real negotiations are the mainstay
.

PP prices in the southwest region adjusted slightly, the decline in futures had a poor impact on the market, factories mainly purchased on demand, and the transaction was negotiated
.

PP prices in the northwest region were slightly sorted out, and most of them were shipped at stable prices
.
The downward revision of futures has dragged down, but due to the tight supply of resources in the region and the strong factory price to enhance cost support, traders have a strong mentality of price support and seek transaction at a high level
.
The downstream of the terminal is cautious and the trading is stable
.

PP prices in the northeast region partially increased
.
The ex-factory price of CNPC increased, the market went higher, and the transaction atmosphere was general
.

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