echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PP rebound is weak and trading volume drops sharply

    PP rebound is weak and trading volume drops sharply

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The PP1901 contract opened at 10,034 yuan, the highest was 10,067 yuan, the lowest was 10,006 yuan, and closed at 10,030 yuan, down 53 yuan, or 0.
    53%.

    The volume was reported 324696 lots, and the position decreased by 14222 lots to 460752 lots
    .

    PP

    News side: Fuhai (Hualian) petrochemical propylene quotation was lowered by 150 yuan / ton to 9500 yuan / ton, and its gas separation unit capacity was 400,000 tons / year
    .
    The quotation of Haikerelin propylene is 9500 yuan / ton, and the quotation of Haike Petrochemical is 9500 yuan / ton
    .

    Raw material price: naphtha CF Japan reported 676 US dollars / ton, +0.
    91%; FOB Singapore is trading at $73.
    33/b, +1.
    1%.

    ethylene CFR Northeast Asia 1070 US dollars / ton, -1.
    83%; CFR Southeast Asia was quoted at $980/mt, or 2%.

    South Korea's FOB propylene price is 1125 US dollars / ton, -0.
    44%, and the domestic propylene price is 9700 yuan / ton, -0.
    51%.

    Spot price: Southeast Asia reported $1260, +0%; The Far East was quoted at $1235 / ton, 0%.

    Domestic: North China Qilu reported 10800 yuan, -0.
    46%; East China Sanyuan 10850 yuan, -0.
    46%; South China Maoming 10950 yuan, 0%.

    PP1901 rebounded weakly, trading volume fell sharply, and positions shrank
    significantly.
    Fundamentally, the low level of social inventory and the little supply pressure have formed a certain support for the price, but the spot and propylene prices are loose, the downstream enterprises are not active in taking goods, and the market transaction is light to suppress
    the price.

    Technically, short-term has adjustment requirements
    .
    In terms of operation, it is recommended that investors set a take profit in their hands and hold
    them cautiously.

    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.