echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PP prices rose steadily, and traders shipped with them

    PP prices rose steadily, and traders shipped with them

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Friday, the PP market mostly rose, with a range of 50-100 yuan / ton
    .
    The continuous rise in futures boosted the mentality, while the increase in plant prices in some petrochemical regions strengthened cost support, coupled with strong oil prices and few market resources, all of which boosted prices
    .
    Traders actively overreported seeking deals, and the level of quotations increased
    overall.
    Cautious sentiment still exists at the downstream terminal, so there is a slight resistance to local high-priced transactions, and the real market is mostly
    negotiable.
    Today, the mainstream price of wire drawing in North China market is 9200-9350 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 9300-9400 yuan / ton
    .

    PP

    PP prices in North China rose steadily, futures ran at a high level, traders accompanied shipments, downstream factories were willing to receive goods, and market transactions increased slightly
    .

    PP prices in South China rose slightly, and the supply of goods was average
    .
    Futures continued to fluctuate to the upside, testing slightly overreported shipments
    .
    Downstream factories purchase on demand, and real transaction negotiations are the mainstay
    .

    PP prices in East China rose slightly, and futures rose higher to support spot prices, but the factory's ability to receive goods was weak, prices were weak, and the transaction was average
    .

    The PP price in central China rose slightly by about
    50 yuan / ton.
    The price of some CNPC North China increased, and merchants followed suit, and the high volatility of futures boosted the confidence of the industry
    .
    The downstream factory is purchased on demand, and the transaction is a single negotiation
    .

    PP prices in the southwest rose
    individually.
    Petrochemical prices are stable, and market quotations are stable and small
    .
    Downstream factories purchase on demand, and real negotiations are the mainstay
    .

    PP prices in Northwest China have mostly increased, with a range of 50-100 yuan / ton
    .
    The ex-factory price of petrochemicals is stable, and the cost support for the market is enhanced
    .
    Traders actively overreported shipments, downstream factories took over in an appropriate amount, and trading was flat
    .

    PP prices in the northeast region consolidated in a narrow range
    .
    Traders accompanied the shipment, downstream factories were cautious, and the market transaction was weak
    .

    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.