echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PP market weak consolidation Market transaction is average

    PP market weak consolidation Market transaction is average

    • Last Update: 2022-12-12
    • 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 weak consolidation trend, with individual grades slightly reduced by 20-30 yuan / ton
    .
    Due to the inertia price support and sufficient cost support at the end of the month, traders' quotations mostly followed the market, and there was no significant reduction
    .
    However, the low opening volatility of futures dragged down the mentality of industry entry into the market, coupled with the impact of the high price of the terminal downstream to offset the lack of start-up, the real market atmosphere in the morning was poor, and some just needed to trade to maintain negotiations
    .

    PP

    Today's mainstream price of wire drawing in North China market is 9800-9900 yuan / ton, the mainstream price of wire drawing in East China market is 9750-9900 yuan / ton, and the mainstream price of wire drawing in South China market is 9800-9900 yuan / ton
    .

    PP prices in North China did not change much, futures were lower intraday, and the market trading was weak
    .
    The factory is mainly purchased on demand, and the market transaction is general
    .

    PP prices in South China fluctuated
    in a narrow range.
    Traders ship with them, downstream factories purchase on demand, and real negotiations are the mainstay
    .

    PP prices in East China are sorted
    out in a narrow range.
    The volatility and fall of futures affected the mentality of industry entry into the market, and the trading situation in the morning was flat
    .
    Traders mostly accompany the market to ship, and a small amount just needs to be traded
    .

    PP prices in central China are narrowly sorted, and the supply of goods is average
    .
    The volatility of futures has put pressure on the market, but the stability of petrochemical prices has a certain cost support for the supply of goods, and traders adjust their quotations
    slightly according to their own inventory.
    Downstream factories are cautious and wait-and-see, and the real transaction continues to be a single talk
    .

    PP prices in southwest China are weak.

    Futures volatility dragged down spots, and some quotations fell
    slightly.
    Downstream factories purchase an appropriate amount and negotiate with real market
    .

    PP prices in Northwest China were weak, and individual grades fell slightly by 20-30 yuan / ton
    .
    The downward trend of futures shocks dragged down the mentality of industry entry into the market, and the fear of falling in the future market was strong and the downstream factories were not operating enough, so the real market was not good
    .
    Traders mostly accompany the market quotation, and the intention to ship is strong
    .

    PP prices in the northeast remained stable
    .
    The ex-factory price of petrochemicals is stable, which forms a certain cost support
    for the market.
    Traders accompany shipments, downstream factories have limited enthusiasm for receiving goods, and market transaction negotiations are the mainstay
    .

    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.