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PP narrow finishing Market quotations tend to stabilize

 Last Update: 2022-12-14
 Source: Internet
 Author: User

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PP was sorted in a narrow range, and some grades rose by about
50 yuan / ton.
Morning futures opened low and traded low, which had limited
impact on market sentiment.
In addition, the current price of petrochemical plants is stable, and the cost support for the source of goods is strong
.
Petrochemical inventories are at a medium level, spot resources of some grades in the market are tight, and market quotations tend to be stable
.
Traders slightly probed some grades, mainly accompanying
shipments.
Downstream factories just need to be purchased, and the market trading atmosphere is acceptable
.

The mainstream price of wire drawing in North China market is 9050-9150 yuan / ton, the mainstream price of wire drawing in East China market is 9250-9350 yuan / ton, and the mainstream price of wire drawing in South China market is 9600-9750 yuan / ton
.

The price of PP in North China rose slightly, ranging from 50-100 yuan / ton
.
The lower opening of futures affected market sentiment, but at present, the price adjustment of petrochemical is stable, and the supply of some sources in the market is tight, which supports spot prices to a certain extent, traders actively ship, and downstream factories purchase
on demand.

PP prices in South China weakened slightly, and some quotations were lowered by about
50 yuan / ton.
Futures fell under pressure, dragged down by some factory price cuts, and traders' quotations loosened
.
However, because the overall supply of polypropylene is not loose enough, the downward adjustment space is limited
.

PP prices in East China were slightly consolidated
.
Morning futures were slightly weaker, the spot rising atmosphere was paused, traders shipped more stable prices to observe the market reaction, and local active profits promoted trading
.
The terminal reception atmosphere slipped and the transaction was flat
.

PP prices in central China are sorted
out in a narrow range.
Supported by the stabilization of petrochemical prices, spot quotations have not changed much
.
Downstream on-demand procurement, real negotiation
.

PP prices in the southwest region rose
slightly.
Boosted by the rise in futures in early trading, the market drawing quotations rose slightly, and the quotations of other sources were temporarily stable
.
Downstream on-demand procurement, real negotiation
.
Downstream on-demand procurement, general trading, real negotiation
.

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