echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PP market volatility fell back and transaction follow-up was limited

    PP market volatility fell back and transaction follow-up was limited

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The PP market showed a volatile downward trend
    .
    Some petrochemical regions lowered ex-factory prices, weakening
    the cost support for the market.
    Futures fell sharply, dealing a blow
    to market sentiment.
    Merchants actively ship goods and sell more profits to promote their own transactions; Downstream factories are cautious and wait-and-see, the willingness to take the initiative to receive goods is low, the market trading is light, and the real market is a single talk
    .

    PP

    The mainstream price of wire drawing in North China market is 8550-8700 yuan / ton, the mainstream price of wire drawing in East China market is 8500-8650 yuan / ton, and the mainstream price of wire drawing in South China market is 8700-8850 yuan / ton
    .

    PP prices in North China consolidated in a narrow range
    .
    Petrochemical stabilized prices, the overall market quotation did not change much, and a few brand quotations fell
    slightly.
    The downstream plant is basically normal, and the current on-demand procurement is the mainstay
    .

    PP prices in South China were partially loosened
    .
    Futures continued to fall to hit market sentiment, and market quotations partially loosened
    .
    The downstream plant is basically normal, and the current on-demand procurement is the mainstay
    .

    PP prices in East China fell
    slightly.
    The ex-factory price of petrochemicals is stable, which forms a certain cost support
    for the market.
    The futures market fell sharply, causing a certain blow
    to the market mentality.
    Traders let profits to promote their own transactions, downstream factories are less motivated to receive goods, and the market wait-and-see atmosphere is strong
    .

    PP prices in central China continued to be weak, and the supply of goods was average
    .
    The downward trend of futures shocks put pressure on the market, and merchants slightly gave profits
    to shipments.
    Downstream factories purchase on demand, and transaction follow-up is limited
    .

    PP prices in the southwest region partially declined
    .
    Futures continued to decline in the morning, the atmosphere of inquiry in the market was light, and some merchants made small concessions to facilitate trading
    .
    At present, the downstream is basically operating normally, and it is purchased
    on demand.

    PP prices in the northwest region were adjusted individually, and traders mainly shipped according to their own conditions, and the demand performance was flat
    .

    PP prices in the northeast have moved
    steadily.
    Petrochemical's individual ex-factory prices were lowered, which slightly loosened
    the cost support for the market.
    Futures are running low and have limited
    impact on market sentiment.
    Traders accompany shipments, downstream factories are less motivated to receive goods, and the market wait-and-see atmosphere is strong
    .

    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.