echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PP market prices are mostly narrowly sorted out, and local small declines

    PP market prices are mostly narrowly sorted out, and local small declines

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    PP market prices are mostly narrowly consolidated, and local small declines
    .
    Futures opened high in the morning and then fluctuated to the downside, which had a certain impact
    on the market mentality.
    However, the ex-factory price of petrochemicals is still firm, coupled with the lack of spot in some regions and the tight supply of goods, some merchants have begun to pre-sell, so traders' intention to reduce prices is not obvious, and the quotation continues to be high
    .
    Downstream factories and terminals are moderately replenished before the holiday, the receiving atmosphere is acceptable, and the transaction continues to be based on real negotiations
    .
    Today, the mainstream price of wire drawing in North China market is 10600-10700 yuan / ton, the mainstream price of wire drawing in East China market is 10450-10500 yuan / ton, and the mainstream price of wire drawing in South China market is 10500-10600 yuan ton
    .

    PP

    PP prices in North China rose steadily
    .
    The impact of lower futures on the market is limited, and the price of some petrochemical plants has increased, which has strengthened the support for the cost of market supply
    .
    Downstream factories purchase on demand and negotiate on a real basis
    .

    The price of PP in South China is stable and small, and the supply of goods is average
    .
    The lower volatility of futures has limited impact on market sentiment, and petrochemical price stabilization has a certain cost support role, and traders ship with them
    .
    Downstream factories and terminals are more resistant to high prices, and procurement is mainly
    to meet rigid demand.

    PP prices in East China adjusted slightly, futures fell intraday, and the spot market trend was weak
    .
    The factory purchases on demand, and the transaction is general
    .

    PP prices in central China are sorted
    out in a narrow range.
    The lower volatility of futures has limited impact on market sentiment, and petrochemical price stabilization has a certain cost support for the source of goods, coupled with the tight supply of some sources, traders continue to slightly overreport and actively ship
    .
    Downstream factories purchase on demand, and real negotiations are the mainstay
    .

    PP prices in the southwest region partially increased
    .
    The impact of lower futures on the market is limited, petrochemical plant prices are partially raised, the cost of supply is supported, and traders are accompanying shipments
    .
    Downstream factories purchase on demand and negotiate on a real basis
    .

    The high PP price in the northwest region continued
    .
    Although futures have shown a downward trend, the tight supply of resources in the region and the strong factory price have enhanced the cost support, and traders have a strong mentality of price support and ship at stable prices
    .
    The downstream of the terminal receives an appropriate amount of orders, and the transaction is stable
    .

    PP prices rose in
    the northeast.
    China oil is adjusted, traders are raised, downstream factories receive goods on demand, and the real market is general
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.