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News
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Trade Service
This week, the domestic PP market price showed a volatile upside, and traders are advised to be cautious about the future market
.
Although environmental inspections have forced most downstream factories to reduce loads, the current high prices of futures and petrochemicals have formed a certain positive support
for the market.
In crude oil, crude oil prices have been volatile lower
this week.
On Friday, the NYMEX September crude oil futures contract settled at $
48.
82 per barrel.
October Brent crude futures settled at $
52.
10 a barrel.
NYMEX crude futures rose on Thursday, ending a three-day losing streak, with the September contract settling at $
47.
09 a barrel.
Brent crude oil futures for October settled at $
51.
03 a barrel.
From the spot market, the price of PP market this week rose by 50-100 yuan / ton
.
On Friday, the mainstream price of East China wire drawing market was 8400-8550 yuan / ton, the mainstream price of South China wire drawing market was 8450-8600 yuan / ton, and the mainstream price of North China wire drawing market was 8250-8400 yuan / ton
.
On Friday, the mainstream price of East China wire drawing market is 8450-8550 yuan / ton, the mainstream price of South China wire drawing market is 8500-8600 yuan / ton, and the mainstream price of North China wire drawing market is 8300-8450 yuan / ton
.