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PP market weakness sorting out still downward revision

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

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The PP market is weak and sorted, and there are still some downward adjustments, ranging from
50-100 yuan / ton.
The guidance of futures volatility is not obvious, but most petrochemical plant prices are lowered to loosen the cost support, coupled with the shortness of the follow-up, the intention of shipment is strong, so the market price is still a little down
.
The wait-and-see mood of the downstream terminal has increased, a small number of just need to be traded, and the real market focuses on negotiation
.

The mainstream price of wire drawing in North China market is 10750-10850 yuan / ton, the mainstream price of wire drawing in East China market is 10850-10900 yuan / ton, and the mainstream price of wire drawing in South China market is 11000-11050 yuan / ton
.

PP prices in North China mostly fell slightly, ranging from 30-50 yuan / ton
.
The volatility trend of futures lacks guidance, while the support for petrochemical manufacturers to cut costs weakens, and traders' quotations randomly follow suit.

The terminal downstream factory is purchased on demand, and the actual market
is lacking.

PP prices in South China continued to fall
slightly.
Traders follow the market to ship, downstream on-demand procurement, real focus on negotiation
.

PP prices in East China sorted out slightly, and the decline slowed down
.
There is a lack of guidance for the volatility trend of futures, and most operators accompany the market to ship, and the actual negotiation shall prevail
.
The downstream receiving of the terminal is flat, and the trading is flat
.

PP prices in central China are narrowly consolidated, and some spot supplies in the market are tight
.
Some petrochemical prices have been lowered, the cost support role has weakened, and the low volatility of futures has a certain impact
on the market mentality.
Traders slightly loosened the price of shipments
.
Downstream factories purchase on demand, and real negotiations are the mainstay
.

PP prices in southwest China are stable and small, petrochemical plant prices are stable, traders accompany shipments, quotations are mostly stable, and transactions are negotiated
.

PP prices in the northwest region adjusted in a narrow range
.
The price of petrochemical plants is stable, the market fluctuations are not large, traders mainly ship with them, and negotiate with real markets
.
Downstream factories purchase on demand, and the transaction is general
.

PP prices in the northeast fell
slightly.
CNPC lowered its ex-factory price, and traders underreported slightly, focusing on negotiations
.

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